1、DEPRESSION 经济大萧条,The Great Depression,Brief introduction Causes Process Effects,Brief introduction,The Great Depression was a severe worldwide economic depression in the decade preceding World War II. it started in about 1929 and lasted until the late 1930s or early 1940s . It was the longest, most
2、widespread, and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the worlds economy can decline.,Start of the Great Depression 1,The depression originated in the U.S., starting with the fall in stock prices that began around
3、September 4, 1929 and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). From there, it quickly spread to almost every country in the world. 股票市场崩溃是一场灾难深重的经济危机爆发的火山口。,Black Tuesday,Causes,Demand-driven Keynesian Breakdown of international trade Debt defla
4、tion Monetarist New classical approach Austrian School Inequality Productivity shock,Process-World War II and recovery,The common view among economic historians is that the Great Depression ended with the advent of World War II. Americas entry into the war in 1941 finally eliminated the last effects
5、 from the Great Depression and brought the unemployment rate down below 10%.,Effects,government intervenes to economyKeynesiankeinzin national macroeconomic adjust and control economic nationalismtariffs Totalitarianism(极端主义)-Nazi Party 卍 Adolf Hitler&Benito Mussolini贝尼托墨索里尼，indirectly lead to the W
6、W II. Literarily- Ernest Hemingway, the speaker ofThe Lost generation,THANK YOU,Herbert Clark Hoover,Franklin Delano Roosevelt,大萧条1.f4v 大萧条2.f4v,Hunger and Suffering,There was no system of direct relief (food, money, or jobs given by the government directly to the people) No public welfare or social
7、 security No unemployment insurance Men, women, and children sifted through garbage for food and stole rides on trains to move to “better” areas looking for work,Women in the Depression,Women would find it harder to find a job as more men were looking for work Some people thought the depression woul
8、d end if all married women left their jobs and men took over Women were fired from teaching jobs if they got married This practice continued into the 40s,Children in the Depression,Malnutrition in NYC rose from 18% in 1928 to 60% in 1931 Milk consumption was dropping in many states Child welfare was
9、 one of the first to be cut in many states as the Depression got worse Schools shut their doors because children were looking for jobs,Farmers in the Depression,Drought hits American farms Farmers were burning crops, letting unpicked apples rot, and leaving cotton in the field Why?,H:大萧条经济危机.doc大萧条经济危机.doc,Thanks A lot,
