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Causes and consequences of the great depression
Causes and consequences of the great depression
Causes and effects on the great depression
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What Caused the Great Depression? BOOOM goes the stock market sending America into a frenzy that would take long to recover from. This was the worse they have ever seen. The Panic of 1893 was nothing compared to what the US had in store for them in the 30’s.
There were many factors that led to the United States to go into the great depression. For example, the main one was the crash of the stock market. After the stock market crashed. Many banks had to close, and many people that had their moneys in the bank, lost it all. Also the amount of loans and debts that were created do to world
The Great Depression started in 1929-1939 and lasted for a decade. The cause of the Great Depression was the market crash. Americans were eager to get rich quickly so they started to buy stocks on margin but the plan backfired. Investors began to worry that the stock prices would fall so they began to sell off their stocks. Those who lent money depended to repay their loans.
Throughout the entirety of William Golding's novel “Lord of the Flies” the boys on the island change every day, and overtime they are becoming savages. When all the boys first met, they all relatively liked one another, and there were no serious grudges. However, near the end of the novel, the boys split up and hated each other, which evolved into violence and even murder. Especially Jack who ends up becoming an evil ruler controlling everyone and torturing them for no reason.
In what ways did the Great Depression affect the American people? After a decade of economic prosperity, what seemed like an era that defined the concept of the American dream, quickly came to an end when the stock market on Wall Street collapsed in 1929. The aftermath of the events that occurred on Wall Street would put its heavy mark on the years to follow among the citizens of the United States. Banks closed down, unemployment rose and homelessness increased. It was a widespread national catastrophe that had its impacts on both poor and rich.
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 DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.
history. The cause of the Great Depression was a huge stock market crash which cause businesses to loss money and lay off people which made them lose more money that a result of that caused a cycle that eventually lead to the Great Depression. During the Great Depression the unemployment rates were the highest they have been in U.S. history as well it was almost up to 25% it was so bad people with college degrees couldn't even get jobs. Not everyone was effected the same way as others the rich were fine but the poor had it even harder than the originally
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
During the years prior to 1929, the United States as a whole faced a period of economic hardships now known as the great depression. During this period of American history many Americans suffer through a great quantity of hardships and difficulties. In addition most Americans institution of politics and the entire economy collapsed, sending citizens along for the ride. Many groups sought ways to correct the issues that suppressed most members of American society. There were many different problems Americans faced during the Great Depression.
Great Depression: By JoJo Hansford Have you ever wondered what it was like in the Great Depression? The Great Depression was a time of hardship for America. It lasted for 10 years, from 1929 to 1939. The Great Depression changed the lives of many Americans negatively. During this time, the people had a very limited amount of jobs, a limited amount of rain, and a absence of hope.
The Great Depression You walk to your 1920’s car with a wad of bills in your hand. You drive to the stock market only to meet chaos, at the gates. You ask,” What’s going on?” to no one in particular. A man walks up to you and says, “The stock market crashed.
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 Great Depression was caused for many reasons. The first reason the Great Depression occurred was because of the financial crisis because countries could not pay their war debts or reparations. The second reason was the stock market crash in the US which cut off some of the money to Europe. The last reason for the depression was the massive loss of life during the war caused a huge decline in the number of producers and consumers stimulating the economy. It was so severe because the depression caused the failure of most banks in both the United States and Europe and the smaller number of consumers to buy items made it worse also.
Nishat kazi (Muniya) 11th grade The Great Depression was one of the worst downturn of economy in the history that took place during the 1930s. It had a catastrophic effect in countries on both rich and poor. Though there are a lot of causes behind the Great Depression,the main three causes were-1.Bank failure 2.Stock market crash 3.laissez faire.
