The Great Depression

By Spencer domogalik

  • The stock market crash

    which sent Wall Street into a panic and wiped out millions of investors.

  • The fall

    From 1929-1931 most of the unemployment was getting higher

  • The banks

    1932, an additional 5102 banks went out of business. After in 1929 659 banks closed

  • No jobs

    unemployment was at 25 percent more and more people were losing Jobs

  • The Turing point

    saw the turning point in the great depression in America with unemployment decreasing to 22%. But lots of things around the world were seeing political changes in German hitler and Stalin were takeing control

  • The government steps in to help

    Congress passed the Social Security Act, which for the first time provided Americans with unemployment, disability and pensions for old age.

  • Government changes things

    The Supreme Court declares part of the Agricultural Adjustment Act to be unconstitutional.
    In response, Congress passes the Soil Conservation and Domestic Allotment Act

  • German pulls out of depression

    Germany become 2nd country to come out of depression with military build up, getting ready war

  • Back in track

    The year-long recession makes itself felt: the GNP falls 4.5 percent, and unemployment rises to 19.0 percent.

  • The set back

    Economists attribute economic growth so far to heavy government spending that is somewhat deficit. Roosevelt, however, fears an unbalanced budget and cuts spending for 1937. That summer, the nation plunges into another recession. Despite this, the yearly GNP rises 5.0 percent, and unemployment falls to 14.3 percent.

  • War is coming

    Britain becomes the third nation to recover as it begins deficit spending in preparation for war.

  • We pull out of depression and war has come

    The United States will begin emerging from the Depression as it borrows and spends $1 billion to build its armed forces. From 1939 to 1941, when the Japanese attack Pearl Harbor, U.S. manufacturing will have shot up a phenomenal 50 percent!
    The Depression is ending worldwide as nations prepare for the coming hostilities.
    World War II starts with Hitler's invasion of Poland.