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Created with Fabric.js 1.4.5 Loss of territories - productive land,industries and raw resources The Black Tuesday - 1929 from BOOM TO BUST !!!!! ROARING 20's GREAT DEPRESSION (1929-39) ** encouraged investors to invest in stocks creating BULL MARKET (Reasons for Great Depression) (The Wall Street Crash of 1929 and its Impact) From the year 1929 to 1933 the drastic changes occurred in the US Economy:** The unemployment rate increased to 25%** The GNP in 1933 was almost half of that in 1929** The GDP was lowest during this time 1929-1933 (The Downfall in economy) (1934-39 (The New Deal-Recovery in the economy) * Under the president ship of Franklin D Roosevelt The Agricultural Adjustment Act was passed in 1933* The Dustbowl impacted heavily on countries like Canada and Latin America* Impacted Germany badly as U.S could not loan any money to Germany* The Works Progress Administration sought to hire unemployed* The rise of Fascist Movement in Latin America* Government regulations were increased* Europe withdraws gold from U.S Bank* National Labour Relations Act 1935* 43 Alphabet Agencies were created* Glass Steagall Act was passed* 1935 Wagner Act was passed GLOSSARY:** DUSTBOWL-** HOOVERVILLES-** ON-MARGIN-** SPECULATION-** GLASS STEAGALL ACT** WAGNER ACT * On 29th October, 1929 16.4 million shares traded on NYSE wiping out huge money of investors* Increase in unemployment rate* Almost 40% of banks go Bankrupt* GDP of U.S Declined* Increase in entertainment revenue* Increase in the Birth Rate* No of suicidal attempts increases in 1929* Homeless people built "HOOVERVILLES" * Income was unevenly distributed* Over production and under consumption creating bubble* 0.1 % of Top american families have income equal to bottom 42%* Hawley-Smoot Tariff* Stock Market Speculation* "ON-MARGIN" based purchase* The agricultural condition declined more* Unregulated BAnking Industry
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