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S: The Great Depression

FC: The Great Depression | The Great Depression | The Great Depression | The Great Depression

1: The Great Depression was caused by five main problem. The first mean cause was when the Stock Market Crash in 1929. Many belive that when the stock market crash on October 29, 1929 on Black Tuesday that it was one and the same with the Great Depression. The Stock Market Crash was one of the major causes of the Great Depression. .

2: The thried cause was 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. As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans and their items were repossessed. More and more inventory began to accumulate. The unemployment rate rose above 25% which meant, of course, even less spending to help alleviate the economic situation. | The second cause was Bank Failures. In the 1930s over 9,000 banks failed. Bank deposits were uninsured and thus as banks failed people simply lost their savings. Surviving banks, unsure of the economic situation and concerned for their own survival, stopped being as willing to create new loans. This exacerbated the situation leading to less and less expenditures.

3: The last cause was the 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. This was the topic of John Steinbeck's The Grapes of Wrath. | The fourth cause was the American Economic Policy with Europe. As businesses began failing, the government created the Smoot-Hawley Tariff in 1930 to help protect American companies. This charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation.

4: How long did The Great Depression last? Well The Great Depression started in the year of 1930 and ended in the year 1941. So it lasted for about 11 years.

6: Who was affected by the Great Depression? People and Businesses and industry and the government were affected.

7: How did the Great Depression End? All I could found was | that it ended because of world war II. I couldn't find out how.

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  • By: rebecca d.
  • Joined: almost 6 years ago
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  • Title: Blank Canvas
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  • Started: almost 6 years ago
  • Updated: over 5 years ago

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