Causes Of The Great Depression In The 1930s

In dealing with the economic depression of the 1930s, it is my opinion that the recovery of Britain was mainly due to the stages of rearmament in the run-up to the Second World War. This is not to say, however, that the National Government failed to combat the rises in unemployment, reaching a peak of three million, and the ruined staple industries, they implemented several policies to reboot the economy and lessen the impact on the people.

Conversely, the National Governments were not successful in the sense that they did little to solve the problem of unemployment. They took little direct action and didn’t create public work schemes to stimulate economic growth, instead preferring more orthodox approaches to economics. The government intervention that did take place was minimal and limited such as the Special Areas Act of 1934, which gave only limited financial aid to depressed areas and protests about unemployment by unions and through hunger marches did little to change policy. The government were not interventionist and it’s possible to say that it was only the process of rearmament from 1935 that led to the creation of more jobs.

It was a time when federal and state officials were still developing work programs for the unemployed. This great industrial slump continued throughout the 1930's, shaking the foundations of Western capitalism.

There are some main causes The great depression, first in 1934 per week They made $ 4.80 per week and They paid $ 3 by The incomes of Their Homes, all that happened to Birmingham Alabama in 1934, in Chicago everything rises for The men and The women for the food , And then spent $ 1.10 that was spent on food in stores, The three cases are The three cases were The financial downfall, low wages, and unemployment.

Before the depression happened many factories and farms alike, were producing mass amounts of cheap goods/produce, more than people could buy. This led to product prices falling, due

As people became unemployed, the economy suffered because these workers were unable to purchase things. For example, Document 4 shows that at the beginning of 1933, the US employment percentage was above a quarter of the population, and from 1931 to 1940 the unemployment percentage was in the double digits. These large unemployment percentages had a devastating effect on companies who were trying to sell their products to consumers who are always a major driver of the economy. High unemployment along with the stock market crash were a few of the main causes of the Great

Many americans were affected by the crash because they depended on the stock market. The banks suddenly started to fail also, after the stock market crashed. Some banks started to shut down. The industrial production dropped by half. The farmers could not sell any crops because the prices had to increase. In 1930, the first banking panics began. President Hoover wanted support the falling industry and banks. He tried hard to make loans and help the country. The crash of the stock market was only the beginning of the great depression. Banks were forced to closed, causing clients to lose money and income, making them have a hard time. They had to figure out how to keep up with their incomes and wages. How to help out their family. They lost their jobs and that made it difficult for them to pay their needs. While the jobs became more scarce, unemployment was abundant. The great depression also cause other types of people to become unemployed.

Meanwhile, There was not just one cause to the unemployment there was three. The first one of the main cause was there was not a healthy economy. The healthy economy was going down dramatically. The economy was what made people lose their jobs because there was no money they were getting from it and why have a job when you can't get any money.Also, because the bosses of the job let go the workers because they couldn’t pay then anymore. The Second cause of the unemployment was that there were huge bank failures. The bank was getting too many loans from people so they were running out of money. If people had their savings in the bank, they lose it because of all the loans. The third and final causes of unemployment was it brought conditions in the 1930 it was such proportional and that mini cooper did not even pay for their taxes. I would say all three of these causes were all political, economic and sociological because they all had to do with the people and the

There were many causes to the Great Depression. Some of the major causes were overproduction in factories, tariffs, debt from WW1, and the stock market crash. When the economy slowed down, many factories faced overproduction. At first, the manufacturers lowered prices and stockpiled goods, and eventually produced fewer goods. The decrease in production lead to layoffs in factories, which meant people could not afford to buy consumer goods, so sales slowed down even more, which slowed the economy down.

The Great Depression caused the overexpansion of credit and overproduction of goods, it faced unemployment and debt, and dealt with the problems with the help of President Roosevelt. Causes of the Great Depression included the overproduction of goods, overexpansion of credit and financial problems in Europe. The overproduction of goods made prices drop and the consumer count get higher. The price reductions for companies such as Ford made buying more appealing, and advertisements targeting a specific group, like the “modern mom’, had certain ways of wording their ads to make their impressions better (Doc 1 and 2). Overexpansion of credit caused people to spend money that they didn’t have to begin with.

This was not as bad as it seemed though because the cost of living had been reduced by 13%. Britain emerged from depression largely from outside factors other than the government but the government did have an effect. Chamberlain even introduced the Unemployment Act of 1934 which meant insurance benefits could apply for a maximum of 26 weeks. Although the Conservatives did help and make some changes, it was not enough and they did not look to the future as much as the Labour party.

Many factories shut down during this time and if they didn’t they struggled to stay in business. At the start of World War 2 factories were called to make military supplies, but the Great Depression still had a big impact on them. The Great Depression affected nearly every American family in some way. In 1932 one in every four workers was unemployed and more than 50,000 businesses had failed over the past two years. Things were so bad in the machine

High wages and low profits -Companies wanted to preserve profitability by keeping labor costs down -actually hindered production because workers are discouraged to achieve more due to low wages -ineffective strategy, poor labor management, jeopardy familial cohesiveness and children’s health and education Impact of technology -used to depend on goods that labor intensive so price changes could be flexible by both supply and demand (nonluxury clothing, foods, household implements) -implementation of machineries reduced human efforts of transportation and costs in production -favoured by companies because this meant lowered costs for employmentincrease in unemployment rateslowered incomesless spending Body Paragraph #4: The existing and also increasing unemployment rates stood as one of the nation’s obstacles in recovery of the Crash and later the Great Depression. Increasing

Businesses shut down due to hyperinflation, in 1925 almost 1 million people were unemployed and in 1932 nearly 6 million people were unemployed. People lived in poverty, they were hungry and homeless, burning money to stay warm because they were too poor to afford

There are various factors that led to the Great Depression. To begin, the lack of bank regulation was a big factor. The Federal Reserve Act which made banks have money on reserve, was not enforced. Another big factor was easy credit, Easy credit made it easy for people to get money out the bank without having the money to pay it back. Furthermore, the reduction in purchasing across the board can easily be said to be another key factor. With the stock market being down many people within every social class stop purchasing items. Which would cause a decreased not only the number of items being purchased but also the loss of people jobs. Many people had thing on layaway, so usually they would just pay for it monthly. However once they lost their