Categorias: Todos - trade - drought - banks - unemployment

por Israel Alvarez 6 anos atrás

342

Causes of The Great Depression

The Great Depression was triggered by a combination of domestic and international factors. One of the primary causes was America's economic policy with Europe, which involved high tariffs on imported goods, leading to a significant reduction in international trade.

Causes of The Great Depression

Crops were lost repetitively

Unemployment was above 25%

World Trade fell by Two Thirds

Countries taxed more on U.S made goods.

Southeast Colorado to Texas panhandle

Took Decades for regions to recover

No FDIC to back the banks money was just lost.

Causes of The Great Depression

Reduction in Purchasing

Workers laid off

Stock Market Crash of 1929

Black Tuesday
Stocks Plummeted

Bank Failure

Everyone tried to withdraw all their money at once, not enough money in banks.
Banks were forced to shut down because they were broke

Americas Economic Policy With Europe

Charged more to import goods

Drought

The Dust Bowl