Alternative transcript:

gets hit it causes a chain reaction to other parts of the economy JOBS LOTS Ⓒ Can Stock Photo - csp12877300 3₂ BANK Odero illustrations Of.com/1051454 Women in the Great Depression Causes of the Great Depression ➤ As many as 1/3 of the country was unemployed during the worst part > The four major causes of Great depression: ➤ 1-An old and decaying industrial base 2-A crisis in the farm sector 3-The availability of credit ➤ 4-An unequal distribution of wealth Where Does the Money Go? The Department of Labor's latest survey provides a detailed look into how the average U.S.consumer unit spends their annual paycheck. U.S.CONSUMER UNIT EXPENDITURES Average annual expenditures and percent of total: TRANSPORTATION $8,758 TOBACCO $323 "incl.supplies SOURCE: Consumer Expenditures (U.S. Dept. of Labor, U.S. Bureau of Labor Statistics, April 2009) 0.7% READING $118 17.6% CASH CONTRIBUTIONS $1,821 -- 0.2% Gasoline, motor oil $2,384 4.8% HOUSING $16,920 Vehicle purchases (net outlay) $3,244 6.5% Expenses, other transportation $3,130 6.3% 3.7% U.S. AVERAGE ANNUAL EXPENDITURES $49,638 Age: 48.8 Number of vehicles owned: 1.9 Percent homeowner: 67% ← CONSUMER Shelter $10,023 20.2% 5.4% 34.1% ENTERTAINMENT $2,698 Food at home $3,465 7% UNIT 12.4% Utilities, fuels, public services $3,477 7% FOOD $6,133 Food away from home $2,668 5.4% (average) Number of persons in consumer unit: 2.5 Number of earners: 1.3 Income before taxes -$63,091 Household operations $984 2% Housekeeping supplies $639 1.3% 0.9% Pensions, Social Security $5,027 10.1% Household furnishings, equipment $1,797 3.6% Life, other personal insurance $309 0.6% ALCOHOLIC BEVERAGES $457 1.6% 5.7% 10.8% 1.9% 3.8% 1.2% $808 INSURANCE, PENSIONS $5,336 MISCELLANEOUS EDUCATION $945 APPAREL and SERVICES $1,881 PERSONAL CARE $588 "products and services HEALTHCARE $2,853 NOTE:Some breakdowns may not equal their totals due to rounding. Hardship and Suffering The Great Depression might not have been so bad if the U.S. government had made better decisions (tariffs, trade wars, no interventions) Unemployment hits & businesses go under ➤ On top of the problems there is the "Dust Bowl" in the farming sector of the Midwest ➤ The "Dust Bowl" was a man made environmental disaster (topsoil blows away) Family life is affected by the hard times, depression and suicide rates increase Dust Bowl Magy Dust Bowl The Dust Bowl Poverty During the Depression Poverty During the Depression Poverty During the Depression 14 15 16 17 18 19 221 22 23 24 25 26 220H Hoovervilles REE SOUP COFFEE & DOUGHNUTS FOR THE UNEMPLOYED 35 Poverty During the Depression Bread lines: Some men and NISH FREE SOUP PARKING women would spend their entire day standing in line to get a food handout Soup kitchens: helped some families get a bite to eat if they could رن AAAA THE GREAT DEPRESSION P Stock Markets What was it that made the stock market crash? What is a stock market and how does it work? Stock markets (as well as economies) have always gone up and down in a boom/bust cycle When an economy goes down this is a recession. If it stays down it becomes a depression... A lesson on the Stock Market Dow Jones Industrial Average: is the most important U.S. stock market performance indicator. It is an average of the value of the stocks of 30 large, primarily industrial companies. Dow Jones & Company, Inc. of New York City calculates and publishes the indexes in their newspaper, the Wall Street Journal. Investors and economists watch the Dow Jones averages to monitor the performance of sectors of the stock market, the stock market as a whole, and the economy. A lesson on the Stock Market S & P 500: the Standard and Poor's 500 Index, measures the ups and downs of the stock market. This index is calculated by adding the stock prices of 500 designated corporations and dividing that figure by a number that takes into account how many shares of each company's stock are available. Although the Dow Jones Industrial Average is a more commonly cited investment benchmark, it only measures the stocks of 30 industrial companies. The S&P 500 is actually a better indicator of the overall stock market because it takes more stocks into account as well as a wider variety. A lesson on the Stock Market > Nasdaq: The majority of companies listed on Nasdaq are smaller or less established than most of those on the New York Stock Exchange. The Nasdaq has become known as the home of new technology companies, particularly computer and computer-related businesses it is a market that has no central location so it is often used as a stock indicator. 1791 1890 1816 9 Presidents Who Shaded the Economy Creation of the First Bank of the United States GEORGE WASHINGTON 1913 WOODROW WILSON Creation of the Federal Reserve Authorization of the Sherman Antitrust Act BENJAMIN HARRISON Creation of the Second Bank of the United States JAMES MADISON 1933- 1936 1930 1965 Smoot-Hawley Tariff Act HERBERT HOOVER 1971 1995 RICHARD NIXON Medicare and Medicaid LYNDON B. JOHNSON The New Deal FRANKLIN DELANO ROOSEVELT End of the gold standard 2000 The bailouts GEORGE W. BUSH 2008 2008