Published Invalid Date
A severe worldwide economic depression in the 1930s
Causes of the Great Depression
Stock Market Crash of 1929
Overproduction and Underconsumption
Bank Failures
Dust Bowl
Impact on Economy
Unemployment
Poverty
Decline in GDP
Deflation
Government Response
New Deal Programs
Federal Reserve Policies
Public Works Projects
Social Security Act
Social and Cultural Effects
Homelessness
Breadlines and Soup Kitchens
Rise of Shantytowns
Migration and Displacement
Stock Market Crash of 1929
Speculation and buying on margin
Panic selling and market collapse
Overproduction and Underconsumption
Excess production without sufficient demand
Decreased consumer spending
Bank Failures
Bank runs and mass withdrawals
Loss of confidence in the banking system
Dust Bowl
Severe drought and soil erosion
Agricultural devastation in the Midwest
Unemployment
Massive job losses across industries
High unemployment rates
Poverty
Widespread poverty and destitution
Lack of basic necessities
Decline in GDP
Sharp decrease in economic output
Negative growth rates
Deflation
Falling prices and wages
Reduced consumer purchasing power
New Deal Programs
Public Works Administration (PWA)
Civilian Conservation Corps (CCC)
Works Progress Administration (WPA)
Tennessee Valley Authority (TVA)
Federal Reserve Policies
Monetary expansion and interest rate cuts
Efforts to stabilize the banking system
Public Works Projects
Infrastructure development
Construction of roads, bridges, and dams
Social Security Act
Creation of a social safety net
Retirement and disability benefits
Homelessness
Evictions and foreclosures
Lack of affordable housing