1 / 16

Understanding the Causes of the Great Depression

Explore the false prosperity, overproduction, stock market crash, banking crisis, unemployment rise, and trade collapse factors leading to the Great Depression in the 1920s. Discover the impact of low taxes, excessive consumer credit, and Republican laissez-faire policies.

denali
Télécharger la présentation

Understanding the Causes of the Great Depression

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Causes of the Great Depression

  2. False Prosperity Low taxes Overproduction in farm machines, radios, cars, refrigerators Too much consumer credit

  3. Stock Market Crash Too much buying on margin. Black Tuesday, October 29, 1929: over 16 million shares dumped

  4. Banking Crisis Stock Market Crash caused people to panic, withdraw money Banks had used depositors money to invest in stock market; when market collapsed, the money was lost Banks closed: 9000 in 1930

  5. Unemployment Rose to 25 – 35% of total labor force (had been less than 5% in the 20s) Farm income declined 60% one-third lost land

  6. Trade Collapse High tariffs block US trade Weimar Republic unable to pay reparations to European countries or US bank loans

  7. Republican Policy Laissez-faire economic policies Poor use of monetary or fiscal policies

More Related