Causes & Effects of the Great Depression

They grew rich.

They made counterfeit money.

They saved a lot of money.

They lost everything.

Interest rates on credit caused a spike in debt causing the housing market to collapse

Banks failed and closed costing people their savings and faith in the banking system

Injuries caused by riots lead to many to lose their jobs

The Federal Reserve did not stock banks with enough gold to handle bank runs

It becomes a new program.

It stays the same.

It grows very well.

It is discouraged.

Use

Spend

Protect

Save

Regulations on businesses were too tight and stifled growth

Banks imposed transaction fees on withdrawals causing debt to increase

New insurance programs lead to massive fraud issues

Interest rates were too high and too many Americans had large amounts of credit debt

It decreased the price of goods from other countries

It slowed down international trade when business needed trade

It caused unregulated banks to fail

It triggered panics causing future bank runs

he founded government agencies

encouraged labor harmony

supported local aid

gave citizens money for aid

Everyone bought more stocks.

Large numbers of people were hungry and homeless.

Farmers became rich.

Many people moved to the South during the Great Migration South.

Shantyshacks

Town Homes

Tenement Housing

Hoovervilles