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What was the main caused the great depression
What was the main caused the great depression
Causes of the great depression dbq
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There was not one single reason that the Great Depression occurred, it was a combination of things. Some of the reasons it occurred include the agricultural depression, banks closing, and stocks dropping dramatically. The Great Depression began in the United States after stock prices dropped dramatically, which took place on October 29, 1929. This day became known as Black Tuesday. Every person in society had to endure the devastating effects of the Great Depression.
Many lost their jobs. Businesses were shutting down, Farmers were not able to grow their produce. Although there were several factors that came together to cause the Great Depression, the three main causes were buying on credit, stock market crash, and overproduction. Buying on credit helped cause the Great Depression because many Americans would buy goods that they cannot afford off installment buying. Installment buying is when you purchase a item with payments.
After the Great War (1914-1919) came the “Roaring Twenties” followed by the Great Depression (1929-1939). America became the richest country in the world at that time after WW I. Then on October 24th 1929 the stock market crashed and America experienced the Great Depression a few days later on October 29th 1929 . Some of the contributing factors of the Great Depression were 1. The crash of the Stock Market on Black Tuesday 2.
Some might be wondering, what caused the Great Depression? Well, the Great Depression arrived in 1929. American citizens were out of work and didn’t want the government's “charity”. Stock market crashes, supply and demand, and contractions are some of the causes that can be found throughout the Depression.
Did you know the Great Depression was the deepest and longest economic downturn in the history of the western industrialized world?The lowest point for America where the economy was at a severe downfall. The Great Depression started on October 29,1929, ended in 1939.How America was able to overcome the Great Depression was because of World War II and big government military spending that finally broke the depression’s back (Doc.5). In these hard times for America it; was able to sustain itself over the downslide of falling stock prices and when the stock market crashed. The Great depression was one the most difficult time for Americans where there were people in severe poverty and often jobless. The causes of the Great Depression was speculation,
Paragraph #1 The Stock Market Crash of 1929 One of the main reasons why the great depression happened was because of the stock market which crashed in 1929. During the 1920s, the U.S stock market had gone into a rapid expansion and soon reached its peak in 1929, after a period of wild speculation. Stock prices really started to fall in September and early October. Panic really started to set in on October 24, which was known as Black Thursday.
There were thought to be many reasons for the occurrence of the Great Depression, but the main one is the Stock Market Crash. “Throughout the 1930s over 9,000 banks failed” (“Top 5 Causes of the Great Depression”). This caused many people to lose all of their savings and money. During the Stock Market Crash people had stopped buying goods, which caused people to lose their jobs. The unemployment rate had even rose over 25%, which also caused more economic issues.
America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.
The Great Depression was caused by speculation and installment buying, income maldistribution, and overproduction because each of these factors combined made the economy worse before and after the stock market crash, which led to The Great Depression. Speculation and installment buying helped caused The Great Depression because people were buying so much stuff on credit, when
The Great Depression was caused by many key factors; stock market crash, bank failures, buying on credit, and stock market speculation. The stock market crash made prices drop and had more than 6 million shares sold in one day which brought about Black Tuesday and the stock
The great depression was shortly after the stock market crash which unemployed many americans and put many businesses out of business. The first long term cause of the great depression was agriculture. More specifically, it was when the farms over produced during World War I. This caused the depression because farmers took out loans to produce goods and the more they produced the more the prices dropped. The second cause of the Great Depression is industry.
The Great Depression in 1929 was a great economic slump for Germany, which lasted for about 10 years. This made a great decrease in trading rates and a massive increase in unemployment and made the currency worthless. The following are reasons why the great depression started. To begin with, the lack of interest in the tariffs contribution and the miscommunication os the Lassez- faire lead to the great depression. During the world trade shifted after the World War I, President Wilson suggested that all those in the trade to lower the tariffs, this was extra taxes and duties on items.
There were many causes of the Great Depression, World War 1 was just the heavy hitter as war industries and war bonds were closing out. Because of the war industries closing down, many Americans found themselves without a job, making the unemployment rate skyrocket. With all the soldiers coming home, goods became inflamed and sold at a high cost that few could afford. We also had war debts and reparations to handle. American allies faced a huge challenge in paying off their debt to America.
There were a variety of causes that caused the Great Depression, but the main cause that started it was a decrease in spending. This led to production decrease because manufacturers and merchandisers did not want to have unused items just sitting on the shelves. In October of 1929 the stock market crashed. The United States stock prices had reached levels that could not be justified by sensible predictions of future earnings. The results of this were catastrophic.
The first cause of Great Depression was bank failure. It was one of the main causes of the Great Depression. Throughout the 1930s over 9000 banks failed. In 1920s there were a lot of banks.
