The Great Depression

The Great Depression by Beatrice-Ngan Huynh


The Great Depression


Causes Strong inflationary pressures

Disrupted markets

Agricultural depression

Economic nationalism

Reparations

Credit Financing, on margin

Lack of Economic Diversification

Mal-Distribution of Wealth and Purchasing Power

Banking System

International Trade and Debt

Stock market Crashed: October 1929

Effects: world trade plummeted

Unemployment

Creditanstalt: Vienna Bank financial collapses

Currency values depreciated

Off the gold standard

John Maynard Keynes: General Theory of Employment, Interest, and Money

Great Britain: General Strike

Ramsay MacDonald: joined National Government

France: Popular Front

Franc

Leon Blum, socialist prime minster

United States: President Franklin Roosevelt

New Deal

The Social Security Act

Scandinavia: producers’ cooperatives




Work Cites

"The Great Depression." Macroeconomics Models & Issues. Web. 24 Apr. 2011. <http://www.econmacro.com/challenges/great_depression.htm>.

"About the Great Depression." Welcome to English « Department of English, College of LAS, University of Illinois. Web. 24 Apr. 2011. <http://www.english.illinois.edu/Maps/depression/about.htm>.

"Great Depression: The Concise Encyclopedia of Economics." Library of Economics and Liberty. Web. 24 Apr. 2011. <http://www.econlib.org/library/Enc/GreatDepression.html>.

"Introduction :: European History." Digital History Reader. Web. 24 Apr. 2011. <http://www.dhr.history.vt.edu/modules/eu/mod04_depression/index.html>.