S: The Great depression causes and effects
BC: The 3nd Hope You 3njoyed
FC: We need jobs bad. | The Great Depression | By: Allyicia Meredith
1: The great depression people over speculated on the stocks using borrowed money that they could not repay when stock prices crashed .
2: The Great Depression of 1929 was a worldwide depression that lasted for 10 years. Its kickoff in the U.S. economy was “Black Thursday”, October 24, 1929, when 12.9 million shares of stock were sold in one day, triple the normal amount. Share prices fell 15 - 20%, causing a stock market crash.
3: High tariffs discouraged international trade...........
4: Farmers incomes fell to low levels. Because no one had any money they couldn't pay the farmers for their crops or animals they could be selling.
5: The federal Reserve failed to prevent the collape of the banking system
6: Large numbers of people were hungry and homeless.
7: Families often where spit up. Because the parent had no money to feed their kids they would often had to give one of them up or send them off to work. | spring is here!