Preview

The Main Causes Of The Great Depression

Satisfactory Essays
Open Document
Open Document
181 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Main Causes Of The Great Depression
The Great Depression occurred during the 1920's when many people poor and were out of work. The stock market crash was big cause of the Great Depression because people keep their money in the stock. Also, when the price of stock plunged that mean they lost their money right away. Another, cause of the Great Depression is bank failure. While stock market crash, a lot of people run into bank withdraw their money, but bank didn't have enough money to pay all depositors. Many bank didn't have money because they invested money in the stock market. Therefore, a lot of businesses and banks closed during that time. Also, without money people couldn't regain the ability to do business, even farm. Goods were in short supply and tens of thousands of people
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    No Promises in the Wind/Great Depression Research Paper
    • 2193 Words
    • 6 Pages

    No Promises in the Wind/Great Depression Research Paper

    The Great Depression had many causes that built up to make it as big as it was. During World War I the U.S. had loaned supplies and money to their European Allies; not having these supplies or money caused the countries to go into debt making the depression go worldwide. The U.S. had a weak economy. There was an inability of the political and financial institutions to cope with the downward spiral that had started in the late twenties. Even after political intervention fifteen percent of the work force were unemployed. The biggest cause of the Great Depression was the 1929 Stock Market Crash. On October 29, 1929 stock market prices dropped dramatically and continued to drop for the next three years. “Stock prices in the United States continued to fall, until by late 1932 they had dropped to 20% of there value in 1929”(Britanica 1).…

    • 2193 Words
    • 6 Pages
    Better Essays
    Read More
  • Good Essays

    Causes Of The Great Depression Dbq
    • 319 Words
    • 2 Pages

    Causes Of The Great Depression Dbq

    During the Great Depression, the Stock Market crashed.This caused an economic slump in North America and Europe, which quickly spread to a world wide depression. The government obviously had to respond. The crash caused hardships with the public. There was poverty and hunger and many complications.…

    • 319 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Black Tuesday And The Great Depression
    • 295 Words
    • 2 Pages

    Black Tuesday And The Great Depression

    The Great Depression was a terrible stock market crash known as Black Tuesday. This occurred on the day of October 29, 1929. On Black Thursday stocks dropped 11% and regained 2%. But then on Black Tuesday it dropped another 11% which caused everyone to be scared. The stock market crash was the main reason of America's great depression. There was also the Dust Bowl which was the major drought that mainly affected the states of Texas and Oklahoma. It also touched the adjacent sections of New Mexico, Colorado, and Kansas. Many farmers could not pay their taxes and had to sell their farms for no profit/gain for themselves. There was also all the bank failures that caused many people to lose their savings. These 3 main things caused about 15 million…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Great Depression Dbq
    • 1188 Words
    • 5 Pages

    Great Depression Dbq

    The stock market crash was the beginning of the Great Depression but it was not solely the main cause of it. There was many different causes of the Great Depression like diversification and how the there was too few industries that could not handle the demands of the economy. Another big part of the Depression was the weaker consumer and how the businesses seemed to be taking more of the profits and giving the employees less to live on. The last cause is the increase in debt, people could not…

    • 1188 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    1930's Essay
    • 487 Words
    • 2 Pages

    1930's Essay

    Some more causes of the Great Depression was the overproduction of product by farmers. What the farmers would do was they would invest in themselves but when the stock market crashes, the government made it to where there was a set price. This made it to where the farmers would make little money. The reduction in purchasing across the board was another effect from the crash of the stock market. What this did was people from all classes…

    • 487 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    What Caused the Great Depression?
    • 379 Words
    • 2 Pages

    What Caused the Great Depression?

    The stock market crash, bank failures, and the buying of consumer goods on installment or margin, are just a few of the many causes of The Great Depression. During this time period the United States suffered greatly because of the depression. Many people were also not able to work or afford the things they used to be able to.…

    • 379 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    The Great Depression In The 1920's
    • 558 Words
    • 3 Pages

    The Great Depression In The 1920's

    Many factors caused The Great Depression. During the 1920’s America’s economy was in full swing and it was extremely unusual to not have some money invested in the stock market because people could become millionaires effectively over night. This was actually a blessing and a curse , because there was no physical money to back up what people had in their bank accounts, it was all basically credit. The federal reserve had no money to back up the economy. It was inevitable for the stock market to crash because of the sharp imbalance between supply and demand. Durable goods such as vacuums and cars obviously didn’t get all their uses out in one month. They last for decades…

    • 558 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Cause And Effect Essay: Causes Of The Great Depression
    • 420 Words
    • 2 Pages

    Cause And Effect Essay: Causes Of The Great Depression

    One of the first causes of the Great Depression was the stock market crash. It began on October 24, 1929, also known as Black Tuesday , and was the most devastating stock market crash in the history of the United States. The stock market crash lead to the deflation of the United States money and the decline in the economy. Many Americans used the stock market as a way to make easy money. Investing in companies thinking they could over turn a quick profit with little work. Little did they know what would happen of a day…

    • 420 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Three Events That Changed America
    • 1277 Words
    • 6 Pages

    Three Events That Changed America

    The Great Depression all started when the stock’s value started to plummet with no hope of recovery (Black Tuesday), people started to panic. Everyone who owned stock was trying to sell, but no one was willing to buy. This caused the stock market to suffer even more. The Stock Market Crash was only the beginning. Almost all the banks at this time put their clients’ money into the stock market.…

    • 1277 Words
    • 6 Pages
    Good Essays
    Read More
  • Good Essays

    Three Causes Of The Great Depression
    • 585 Words
    • 3 Pages

    Three Causes Of The Great Depression

    In the late 1920's and early 1930's the Great Depression arose and effected about 99% of American citizens were endorsed into extreme poverty from purchasing stocks with no experience and letting the stock market fall upon them. Most Americans were forced to sell all of their possessions and led them into extreme poverty. The three causes of the Great Depression are Banks, Overproduction .vs. Under-consumption and Bad Buying.…

    • 585 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    The Causes Of The Great Depression
    • 120 Words
    • 1 Page

    The Causes Of The Great Depression

    The Great Depression was the toughest and the longest economic recession in the industrialized world, in most of the countries it started in 1929 and lasted till 1939. The Great Depression was the result of many causes; some of these causes are the crash of the stock market, and banks were not able to lend money because huge numbers of people were withdrawing their money. This withdrawal also caused the banks to fail. Another reason is that people were afraid of buying products and services after the stock market crash which lead to a huge decrease in the demand of products and services, this decrease in demands and the unwillingness to spend money made the level of unemployment increase sharply.…

    • 120 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Reconstruction Vs Progressive Era
    • 605 Words
    • 3 Pages

    Reconstruction Vs Progressive Era

    The great depression was caused when the stock market crashed. The beginning of the Great Depression was on Oct. 29, 1929 that day is now known as Black Tuesday. Sellers were panicking because there was no buyers. Share prices deflated and margin loans came due. Another reason for the Great Depression was because of terrible banking systems there were banks that ran independent and unregulated. When the stock market crashed many banks failed to stay open about 11,000 banks were closed.…

    • 605 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Great Depression Causes
    • 3166 Words
    • 13 Pages

    Great Depression Causes

    to eat but potatoes. Another time my brother went around to grocery stores and got them…

    • 3166 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Good Essays

    What Caused The Great Depression
    • 823 Words
    • 4 Pages

    What Caused The Great Depression

    The great depression was a very hard time for many people throughout the United States. Cities all over were hit very hard and many people suffered very deeply. The industry was collapsing and over time less and less stuff was being manufactured, the construction business was going into a big decline. Farmers were also having a hard time since most of their crop prices were hit very drastically. Eventually the economy went into a huge depression that left millions of people unemployed and struggling to earn a living.…

    • 823 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    What Caused The Great Depression
    • 1405 Words
    • 6 Pages

    What Caused The Great Depression

    WHY DID THE GREATEST DEPRESSION LAST FOR SO LONG AND WHAT CONTRIBUTED TO ITS END. The term “Great Depression” is made reference to the substantial, long lasting and the great terrible Global downfall of the economy or the period when the world faced a disturbing financial depression in the 21st century (1930s). Speaking of this gloominess, the date it occurred in most states is diverse but in most countries it started in 1929 and came to an end during the 1930s. This great depression is the most important cause of the drop down global GDP (Gross Domestic Product) by 15% and the Gross Domestic Product is the financial cost of all the finalized commodities and services manufactured within a country’s borders in a particular time period…

    • 1405 Words
    • 6 Pages
    Powerful Essays
    Read More

Related Topics