The Great Depression of the 1930s | Causes, Effects and Impact
2025-02-12 18:25:53 4 Report
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This mind map offers an in-depth exploration of 'The Great Depression of the 1930s,' focusing on its causes, effects, and lasting impact. The analysis begins with the catastrophic Stock Market Crash of 1929, followed by bank failures, and economic imbalances due to overproduction and underconsumption. It examines high tariffs, agricultural collapse, and economic inequality as major contributors. The effects include widespread unemployment, poverty, and global political instability. The response encompassed initiatives like the New Deal and the rise of Keynesian economics. The legacy highlights reforms in financial systems and cultural shifts reflecting the era's struggles.
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Outline/Content
Causes of the Great Depression
Stock Market Crash of 1929
Trigger of the Great Depression
Loss of wealth and panic
Bank Failures
Bankruptcies due to investment losses
Loss of savings and bank closures
Overproduction and Underconsumption
Surplus goods and lack of demand
Economic imbalances
High Tariffs and Decline in Trade
Smoot-Hawley Tariff and retaliation
Decrease in global trade
Drought and Agricultural Collapse
Dust Bowl and crop destruction
Rural poverty and migration
Economic Inequality
Concentration of wealth
Lack of purchasing power
Effects of the Great Depression
Unemployment
High unemployment rates
Increased poverty and hardship
Widespread Poverty
Business closures and job losses
Homelessness and social unrest
Global Impact
Spread of the Depression to other countries
Political instability and radical ideologies
Political and Social Unrest
Rise of radical ideologies (fascism, communism)
Labor strikes and protests
Decline in International Trade
Impact of protectionist policies
Further contraction of global economy
Bankruptcies and Business Closures
Small businesses and farmers affected
Rise of monopolies
Impact and Response to the Great Depression
The New Deal
Relief, recovery, and reform programs
Job creation and financial reform
Social Security and Welfare Systems
Creation of Social Security
Unemployment insurance and labor rights
Global Response
Different countries' policies
Keynesian economics in the UK
World War II
End of the Depression through war effort
Mass demand for goods and services
Long-Term Effects and Legacy
Reforms in Financial Systems
Creation of the SEC and FDIC
Regulation of financial markets and protection of depositors
Rise of Keynesian Economics
Government intervention in the economy
Foundation for post-Depression economic policies
Cultural Shifts
Impact on art, literature, and music
Works reflecting struggles of ordinary people
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