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Causes And Impacts Of The Great Depression

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1. The causes and impacts of the Great Depression are: a. The stock market crash (1929) In the 1920s, stock market soared. Many people want to buy it in huge amount because they think it is worth for their investment. But, in 1929 stock market crash and the people who bought it having a big loss. b. Bank Failures Many small banks gave the farmers overextended credit, but some of them could not repay the loans. On the other side, the big bank gave their loans to foreign countries, so the foreign countries could repay their earlier debt from World War I. When U.S. banks stopped lending, European nations failed on their loans. As a result, many banks went bankrupt. c. Farm Failures Before there is a Great Depression in the 1920s, the farmers

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