What Caused The Great Depression Research Paper
What was the great depression? The Great Depression was a severe worldwide economic depression in the decade. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century. Although the question that arises is that what actually caused the great depression? The answer to this is that it was not just one factor, but instead a combination of domestic and worldwide conditions that led to the Great Depression. As such, there is no agreed upon list of all its causes. Here instead is a list of the top reasons that historians and economists have cited as causing the Great Depression.
The top five reasons are: * The Stock Market Crash of 1929 * The Bank Failures * Reduction in Purchasing Across the Board * The American Economic Policy with Europe * The Drought Conditions
The stock market crash: The stock market crash occurred that on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great …show more content…
Was of such proportions that many could not even pay their taxes or other debts and had to sell their farms for no profit to themselves. The conditions were so bad and such severe damage was caused that people had to open soup kitchens where they would serve soup and bread for at that time the homeless and poor people. There were huge lines outside the soup kitchens and no matter what happened people would keep standing outside the soup kitchen under almost every kind of circumstance until their chance came to eat to survive from starvation. People began standing or rather lining up outside the soup kitchens from dawn due to their
The top five reasons are: * The Stock Market Crash of 1929 * The Bank Failures * Reduction in Purchasing Across the Board * The American Economic Policy with Europe * The Drought Conditions
The stock market crash: The stock market crash occurred that on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great …show more content…
Was of such proportions that many could not even pay their taxes or other debts and had to sell their farms for no profit to themselves. The conditions were so bad and such severe damage was caused that people had to open soup kitchens where they would serve soup and bread for at that time the homeless and poor people. There were huge lines outside the soup kitchens and no matter what happened people would keep standing outside the soup kitchen under almost every kind of circumstance until their chance came to eat to survive from starvation. People began standing or rather lining up outside the soup kitchens from dawn due to their