Mr Bruns' What were the causes of the stock market crash of the Great Depression:
Over speculation - too much buying and selling cause stock prices to be over inflated
over production of goods was a cause of the great depression
too much borrowing from banks because of low interest rates
Lack of government regulation - government had no rules on the stock market so the people with money took advantage of it.
Fed.Reserve interest went up - the bank that helped other banks crashed because too many banks failed.
stock market crashed in 1929
Banks were failing
Reduction in purchasing
America economic policy Europe
Drought conditions were bad
Policy with europe:
Smoot=Hawley Tariff put over 20,000 imported goods had record tariffs for European countries
Europe retailed with their own tariffs to protect American companies
It hurt more than it helped.
People lost jobs, No spending
Dust bowl: Crops couldn't grow most people left to other cities to start a new life
If they were to stay they would have discovered oil
Causes of the great depression
From 1929 to 1933 hoover closed 10,000 banks
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