Why Did The Great Depression Last so Long?
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what were the effects of the dustbowl in the great depression? During the Dustbowl period, farmers lost alot of their farms to the mortgage farms because they could no longer keep up with their morgage payments, as a result their farms were confiscated, also some farmers had to migrate to different cities to look for a means of livelihood for their families.
-There were also high rates of disease - Pneumonia was high during the dustbowl. Also farmers lost their livestock because of duststorms that bloated their stomachs.
http://eh.net/encyclopedia/article/Cunfer.DustBowl
By Backend
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What were the causes of the Great Depression?
The great depression was c aused by the following five factors: The stock market crash of 1929, Most stock markest crashed infact the Dow & Jones recorded an all time low
ii. Bank Failures -hroughout the 1930s over 9,000 banks failed. Bank deposits were uninsured and thus as banks failed people simply lost their savings. Surviving banks, unsure of the economic situation and concerned for their own survival, stopped being as willing to create new loans. This exacerbated the situation leading to less and less expenditures.
iii. Reduction in purchasing power across the board- With the stock market crash and the fears of further economic woes, individuals from all classes stopped purchasing items. This then led to a reduction in the number of items produced and thus a reduction in the workforce. As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans and their items were repossessed. More and more inventory began to accumulate. The unemployment rate rose above 25% which meant, of course, even less spending to help alleviate the economic situation.
iv.American Economic Policy with Europe-As businesses began failing, the government created the Smoot-Hawley Tariff in 1930 to help protect American companies. This charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation.
iv.The Drough -While not a direct cause of the Great Depression, the drought that occurred in the Mississippi Valley in 1930 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 area was nicknamed "The Dust Bowl." This was the topic of John Steinbeck's The Grapes of Wrath.
BY mARTIN kEL:/od/greatdepression/tp/greatdepression.htm
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How did President Hoover's policies worsen the effects of the depression?
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How did the stock market crash prolong the great depression? During this time investors didn't have faith in investing anymore
1. Stock Market Crash of 1929
Many believe erroneously that the stock market crash that occurred 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 Depression. Two months after the original crash in October, stockholders had lost more than $40 billion dollars. Even though the stock market began to regain some of its losses, by the end of 1930, it just was not enough and America truly entered what is called the Great Depression.
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How did the great depression?
The Great Depression ended when the World War II started, dues to high demand for combat supplies there was employment for workers to work in the factories. This once again stimulated the econy.
http://eh.net/encyclopedia/article/tassava.WWII
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What role did World War II play During The Great Depression? World War II helped end the great depression because there was a high demand for combact supplies such as guns, gunpwder etc therefore, it created employment opportunities for the unemployed people which stmulated the economy.
http://eh.net/encyclopedia/article/tassava.WWII
Christopher J.Tassava.
How did the Smoot Hawley Tarrif policy prolong the Great Depression?
This was a policy that was created under the New Deal - This law was very unpopular because it increased excise duty that had to be paid on imports and exports.
http://www.buyandhold.com/bh/en/education/history/2002/smoot_hawley.html
By Brian Trumbore
How did the effects of unemployment prolong the depression?During the Great depression unemployment rates were very high up to 20%
http://topics.nytimes.com/top/reference/timestopics/subjects/g/great_depression_1930s/index.html
What are some of the myths about the great depression?
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How did the New Deal Transform American Politics During the Depression? presidehttp://www.usnews.com/opinion/articles/2008/10/02/wall-street-the-great-depression-hoover-roosevelt-and-the-unintended-consequences-of-presidential-actionnt FDR continued with the New Deal Policy that had originally been initiated by the outgoing president Hoover.
the New Deal policy was meant to stimulate the economy. Under this policy there were several laws such as the social security Act, National recovery Adminstration, the Smoot Hawley Tarrif that affected trade.