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1、Group 2Brief introductionCausesProcessEffectsThe 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 widespread, and deepest depression of the 20th century.
2、In the 21st century, the Great Depression is commonly used as an example of how far the worlds economy can decline.The depression originated in the U.S., starting with the fall in stock prices that began around September 4, 1929 and became worldwide news with the stock market crash of October 29, 19
3、29 (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。Demand-driven Keynesian Breakdown of international trade Debt deflationMonetaristNew classical approachAustrian SchoolInequalityProductivity shockThe common view among economic h
4、istorians 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 from the Great Depression and brought the unemployment rate down below 10%.government intervenes to economyKeynesiankeinzin national macroeconomic adju
5、st and controleconomic nationalismtariffsTotalitarianism(极端主义)-Nazi Party 卍Adolf Hitler&Benito Mussolini贝尼托墨索里尼， indirectly lead to the WW II.Literarily- Ernest Hemingway, the speaker ofThe Lost generation大萧条1.f4v大萧条2.f4vThere was no system of direct relief (food, money, or jobs given by the governm
6、ent directly to the people)No public welfare or social securityNo unemployment insuranceMen, women, and children sifted through garbage for food and stole rides on trains to move to “better” areas looking for workWomen would find it harder to find a job as more men were looking for workSome people t
7、hought the depression would end if all married women left their jobs and men took overWomen were fired from teaching jobs if they got marriedThis practice continued into the 40sMalnutrition in NYC rose from 18% in 1928 to 60% in 1931Milk consumption was dropping in many statesChild welfare was one of the first to be cut in many states as the Depression got worseSchools shut their doors because children were looking for jobsDrought hits American farmsFarmers were burning crops, letting unpicked apples rot, and leaving cotton in the fieldWhy?H:大萧条经济危机.docThanks A lot
