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Great Depression

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Great Depression - Page Text Content

BC: The End!

FC: The Great Depression

1: 1. How did the great depression start?

2: The Great Depression started because of many things.

3: One reason the depression started was because of the stock market crashing in 1929. Bank deposits were uninsured and thus as banks failed people simply lost their savings.

4: Another reason was the bank failure. Throughout the 1930s over 9,000 banks failed.

5: Reduction in Purchasing Across the Board With the stock market crash and the fears of further economic woes, individuals from all classes stopped purchasing items. This then led to a reduction in the number of items produced and thus a reduction in the workforce.

6: Also, American Economic Policy with Europe As businesses began failing, the government created the Smoot-Hawley Tariff in 1930 to help protect American companies

7: The last reason was drought conditions. While not a direct cause of the Great Depression, the drought that occurred in the Mississippi Valley in 1930 was of such proportions that many could not even pay their taxes or other debts and had to sell their farms for no profit to themselves.

8: 2. When did the Great Depression take place? The Great Depression started in 1930 and ended in 1930.

9: 3. What was life like during the Great Depression? | It was very rough. There was shortages of food, money, housing and clothing. Many families barely survived. Unemployment rates were through the roof.

10: Everyone was affected by this Great Depression. Not only in America but the whole world was. | 4.Who was affected by the Great Depression?

11: 5.How did TGD end? | It ended when the US got involved with WWII.

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  • By: Emily R.
  • Joined: over 9 years ago
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  • Title: Great Depression
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  • Published: over 9 years ago