Causes Of The Great Depression In America
The Wall Street Crash is regarded as the trigger of the Great Depression in America. The main cause of the 1930s Depression was over-production. While the American cities prospered, the overproduction of agricultural produce created widespread financial despair among American farmers throughout the decade Wages did not rise fast enough to keep up with rising costs, too few people could afford to buy the increasing number of goods that were pouring onto the market. As warehouses became full of unwanted goods, factories began working only part-time. As a result of this, wages were reduced even further and the economy spiraled down. During the Great Depression up to 1935 many people could not afford to buy what they wanted.