The Great Depression

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The 

Great Depression

The Roaring Twenties

Tekst

Roaring Twenties

Tekst

Pandemic - Spanish Flu

Find a picture which give a good impression of the Roaring Twenties

Base on the last two slides, how can you describe the roaring twenties?

What might go wrong?

The stock market

• Farmers and companies borrowed money to invest.
• Credit was used to buy stocks on the stock market.
• The Stock market crashed on Black Thursday 1929.
• The borrowed money couldn't be paid back.
• Companies, factories and banks went bankrupt.
• Many people lost their jobs

Black Thursday was caused by people selling their stocks.

True

False

How did the United States try to solve the gigantic economic crisis?

Road to recovery

• 1932: Roosevelt becomes the US  President
• His plan: New Deal