Introduction- Causes and Consequences
- Stock Market Crash
- Bank Runs
- Practice
- Task
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Following successful completion of this lesson, students will be able to:
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The above objectives correspond with the following Alabama Course of Study Objectives:
| Great Depression: Unemployed, destitute man leaning against vacant store |
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| Great Depression: unemployed, destitute man leaning against vacant store. Photo by Dorothea Lange. Franklin D. Roosevelt Presidential Library and Museum. This image is in the public domain. |
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| The Great Depression had devastating effecting of the U.S. economy, forcing millions to seek jobs due to high rates of unemployment. |
Overview
The abundance of the 1920s came to an abrupt end with the Stock Market Crash of October 1929. The crash had a ripple effect throughout the economy, triggering the Great Depression. Since national economies around the world had become interdependent upon one another, the decline in America, the world's leading economy, triggered a downward cycle in the global economy.
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