Causes Of The Great Depression

The Great Depression “The remedy (for the Great Depression) is to give workers access to the means of production, and let them produce for themselves, not for others,… the American way said by Upton Sinclair. The wage gap between rich and poor has taken people to fly and suffer to get and earn the money they deserve. The world's bank was in America which meant once we feel the rest of the world failed if they were relying on us. Economic failure hit the United States hard once the stock market failed and the rich became part of the poor. The wage gap, the world economy, and the stock market crash of 1929 created everyone’s lives to be a miserable place of hardship during the Great Depression.

The Great Depression came as the distribution

It played a role in the way the government got involved with Great Depression. America was the bank for all countries giving and receiving money. America was helping the countries deal with World War I debt that they couldn’t overcome themselves until it stopped. We stopped giving them money and that made an even bigger to the other countries. Trade began to decrease because no one had the money they needed. In the article The Causes of the Great Depression it said “International trade slowed down because, without American loans other nations had less money to spend on our goods”(Galbraith 2). This proves that we were the bank of the world and without us our international affairs got worse because, we could no longer help at that moment. Due to international trade being down and trying to make money countries began having higher and higher tariffs for any country wanting to trade. These high tariffs began to decline the underconsumption problem America had right now so, the high tariffs weakened the United States economy. Once our economy got weakened we were at an economical and political standpoint because, with our economy we had to keep raising tariffs which put a strain on the political side. It put a strain on the political side because we now had to deal with international affairs that we were on the good side with. The foreign trade began sliding down of the slope of mountain because America failed

People were extremely dependent on the stock market wanting to earn money to put more money into stocks. It was a system that made the rich even more greedy than they were. They became realient on the system. The rich wanted the money so, they put their whole family’s life savings into the stocks wanting to make it big, making the stock market crash even worse. Once October 24 hit, black Thursday, hit people in the stocks they began to get nervous waiting to see what will happen. They banks began lifting their spirits, the bank would put money into the stocks raising it out of a crash standpoint. That wasn’t good enough so on October 29, 1929 the stock market officially crashed and the banks officially backed out. This was the most devastating stock market crash in the history of the United States. The stock market was at a plateau until black Tuesday came. The rich who were so very reliant on the system now became some of the poorest people in America now having to deal with the Great Depression. Family’s had been moved from the upper most class to now the lowest classes in America. The stock market had lost 30 million dollars all together putting this crash at the top of the list. Everybody lost everything in the society on those days so now America was on the way to the depression that rocked America. The stock market was not a cause of the Great Depression but, it did lead