The causes of the Great Depression-
What are the causes of the Great Depression?
Stock Market Crash
Overproduction
Dust Bowl
Bank Failure
Stock market crash
People started investing money that they didn't have.
There was about 40 billion dollars lost
Led to Black Tuesday.
Led to many banks closing down forever.
Bank Failure
About 9,000 banks failed
Banks were using money that they didn't have
Worried people tried to get their money back.
Bad Bankig practices.
Overproduction
All prices started to fall
This led to unemplyment
No one would by anything, so people started getting fired.
Dust Bowl
There were bad farming methods
Light Topsoil
Aeolian Processess
Dirty 30's
The Great Depression
Crime rate was high, many people were unemployed at a rate of 24% at its highest.
Hoovervilles were shantytowns named after the president because of the little help he did, and hoover was not a fan of this, because it made him look bad.
The homes here were constructed from random strew stuff, which could be lumber or random garbage.
Comments