By Kelly

Eva

1920-1929 american economy ----the great Depression

introduction

1921 Warren Gamaliel Harding

1929 The Great Depression

BACKGROUND

World War I ： People

Creditor Country

Gold reserves

The Laissez-faire Economy Policy

John Calvin Coolidge

WW1 supported the material basis

Technical revolution

Market stimulation

The main causes

The gap between the rich and the poor

The stock market crash

Market bubble

During the era of Hoover President , scalping stock was the popular speculation in the country.

From January 1925 to October 1929, the stock listed on the New York stock exchange list from 4.43 million shares increased to 10 million shares.

This time, almost all kinds of stock increased in value in severalfold , the more rise, the more people refused to sell them.

Phenomenon

Population

Overproduction

Bankrupt

agriculture

The unemployment ratein Germany,Austria and Poland rose to 20% while output fell by 40%.

By November 1932 every European country had increased tariffs or introduced import quotas.

Central Europe

1933, 30% of Glaswegians were unemployed due to the severe decline in heavy industry.

In some towns and cities in the north east, unemployment reached as high as 70% as ship production fell 90%.

United Kingdom

Hundreds of thousands of Americans found themselves homeless and they began congregating in the numerous Hoovervilles that had begun to appear across the country.

United States

WWI

STOCK MARKET

Agriculture

CONCLUSION

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