Essay On The Causes Of The Great Depression
During the 1930’s or as the others know as the dirty thirties came the great depression. The great depression is the longest economic downturn in the history of the Western industrialized world. This happened in North America, Europe, Canada and many more places around the world. People went through a lot during the great depression and lost many people. It also made the employment rate drop in increasingly numbers.
The great depression had many causes from different places of the world, in North America and Europe it was caused by insufficient purchasing power of the middle and wealthy classes, the fallen of crop and commodity prices, the stock market dependence on borrowed money, and the wrongheaded government policies (including high tariffs that reduces international trade and contracted the money supply) . President Hoover thought it was caused by the disruptions of World War I, and the poor structure of American banks. It caused many suicides, massive employment, disrupted lives and destroyed fortune. In Canada, they had fallen from the export prices and sales, the overseas loans, and the fall in the residential construction. The federal government must …show more content…
They also went through a time period where there was a huge drought which were one of the reasons farmers lost their crops, there resources to provide for their family. There was a time when there was a lot of plagues of grasshoppers and hail storms that demolished there ecosystem. Most private properties offered cheap/free food since the food supply was diminished. It made people look at the word “social welfare” differently now, it use to be viewed as a handout for people who were unable to provide for themselves but now people look at it as a charity to help each other during this time
The great depression had many causes from different places of the world, in North America and Europe it was caused by insufficient purchasing power of the middle and wealthy classes, the fallen of crop and commodity prices, the stock market dependence on borrowed money, and the wrongheaded government policies (including high tariffs that reduces international trade and contracted the money supply) . President Hoover thought it was caused by the disruptions of World War I, and the poor structure of American banks. It caused many suicides, massive employment, disrupted lives and destroyed fortune. In Canada, they had fallen from the export prices and sales, the overseas loans, and the fall in the residential construction. The federal government must …show more content…
They also went through a time period where there was a huge drought which were one of the reasons farmers lost their crops, there resources to provide for their family. There was a time when there was a lot of plagues of grasshoppers and hail storms that demolished there ecosystem. Most private properties offered cheap/free food since the food supply was diminished. It made people look at the word “social welfare” differently now, it use to be viewed as a handout for people who were unable to provide for themselves but now people look at it as a charity to help each other during this time