Mind Map: The Great Depression

Central Idea: The Great Depression

• A severe worldwide economic depression in the 1930s

Main Branches:

1. Causes of the Great Depression

   • Stock Market Crash of 1929

   • Overproduction and Underconsumption

   • Bank Failures

   • Dust Bowl

2. Impact on Economy

   • Unemployment

   • Poverty

   • Decline in GDP

   • Deflation

3. Government Response

   • New Deal Programs

   • Federal Reserve Policies

   • Public Works Projects

   • Social Security Act

4. Social and Cultural Effects

   • Homelessness

   • Breadlines and Soup Kitchens

   • Rise of Shantytowns

   • Migration and Displacement

Sub-Branches:

Causes of the Great Depression

• 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

Impact on Economy

• 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

Government Response

• 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

Social and Cultural Effects

• Homelessness

  • Evictions and foreclosures

  • Lack of affordable housing

• Breadlines and Soup Kitchens