The Great Depression 经济大萧条

Hoover
• Nickname:The hunger president
• Height:180cm
• Party:republican
• Occupation: engineer
• First pot of gold: stealing coal mines in Kaiping, China
Cause
• Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of the Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today the controversy is of lesser importance since there is mainstream support for the debt deflation theory and the expectations hypothesis .
It was the longest, deepest, and most Widespread depression of the 20th century.In the 21st century, the Great Depression is commonly used as an example of how intensely the world's economy can decline.
The Roosevelt New Deal
The president for four time
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The Great Depression to Roosevelt
The Roosevelt New Deal
• Recover • Relief • Reform
Recover Bank Agriculture Industry
some people
others
and more...
second reaction
some people
others
and more....
If you think the picture weren't real,
please read the next
Poor man's life
• The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating the drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression.
Cities around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming communities and rural areas suffered as crop prices fell by about 60%. Facing plummeting demand with few alternative sources of jobs, areas dependent on primary sector industries such as mining and logging suffered the most.
Capitalist's life
capitalist
Some artwork at that time
Mickey Mouse
Modern Times
New president
Roosevelt
Roosevelt's introduction is too long,so I just generalize his achievement in two things
food for work
Reform Social insurance law Fair labor standard law
great success
Effects
Economic impact
Political influence
Economic impact
International trade plunged by more than 50%
THE GREAT DEPRESSION
Brief introduction
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s,
beginning in the United States.
Industrial production declined 47 percent
Unemployment in the U.S. rose to 25% and in some countries rose as high as 33%
.
Political influence
Fascism began to flood in some countries. The bourgeois democracy is faltering The fuse of the Second World War
slogan
Today, the United States is closer to winning poverty than ever before.
Then
Pa!!!!!
The last time we can see the face of“the
new time”
So what's the first reaction of people?