the great depression

IB history paper 3

What was the Great Depression?

A worldwide economic crisis that started in 1929 and lasted through the 1930s.

What event started the Great Depression?

The U.S. stock market crash on October 29, 1929, also known as Black Tuesday.

What were some causes of the Great Depression?

Stock market crash, bank failures, overproduction, and a drop in consumer spending.

How did the Great Depression affect people?

Millions lost jobs, homes, and savings. Poverty and hunger increased everywhere.

How did it affect farmers?

Farmers faced falling crop prices and a natural disaster called the Dust Bowl, which ruined farmland.

What was the Dust Bowl?

A severe drought in the 1930s that caused huge dust storms and destroyed farms in the U.S. Midwest.

What was President Franklin D. Roosevelt’s response?

He created the New Deal, a series of programs to help people and fix the economy.

What was the New Deal?

A set of government programs to create jobs, support farmers, and reform banks.

How did the Great Depression end?

It ended in the early 1940s, mainly due to job creation and economic boost from World War II.

What were some long-term effects of the Great Depression?

More government involvement in the economy and new laws to protect workers and banks.

Why did the stock market crash in 1929?

People bought too many stocks with borrowed money. Prices got too high, and when investors panicked and sold their stocks, prices dropped fast and the market crashed.

What were the Roaring 20s?

A time of economic boom, jazz music, new fashion, and major social change in the 1920s, especially in the U.S.

Why were the 1920s called “roaring”?

Because of the fast pace of life, new inventions, big cultural shifts, and economic growth.

What were some features of the Roaring 20s?

Jazz music, flapper culture, cars, radios, movies, and consumerism.

What problems were hidden behind the good times?

Many people were in debt, farmers were struggling, and the stock market was unstable — leading to the Great Depression.