The Main Causes Of The Great Depression

In 1929, the stock market crashed, and afterward the Great Depression began in the United States. The stock market was not the only cause of the Great Depression, there were social, political, and economic factors throughout the 1920s that were responsible for the economic downfall. According to Eric Foner, author of Give Me Liberty: An American History, the 1920s was the beginning of American consumerism, which is a social factor that led up to the Great Depression (783). Foner comments, “consumer goods of all kinds proliferated” (783).

The rural depression was a primary component in the Great Depression, as bank advances turned sour, credit became scarce, and banks across the nation shut down. All through the 1930s, more than a million acres of land were influenced in the Dust Bowl, a large number of agriculturists lost their jobs and property, and mass relocation patterns started to arise as ranchers left rustic America looking for work in urban areas. This relocation, or migration, added to Great Depression unemployment hardships, stressed alleviation and advantages programs, and made in many vast American urban areas (The Great Depression Causes).

There are many things that factor in as causing The Great Depression. I believe the biggest factors to be money and confidence. Even though by year end of 1930 the stock market had recouped some of the money lost in the previous years’ loss with the devastating Black Tuesday. The US and the rest of the world would continue to feel the devastating effects of banks failing, high unemployment rates, reduced trade and purchasing of over produced goods, and a negative impact to agricultural. This would not only put a dent in the people’s confidence with the stock market and banks but also government would need to step up in a big way to get things somewhat back on track.

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.

The Great Depression of the 1930’s was caused by many problems. They include overproduction, monetary policy, war debt, tariffs, the stock market crash, and unequal distribution of wealth. These each play a specific and intricate role in bringing the U.S economy to its knees.

The Great Depression was a dreadful worldwide economic depression that occurred in the 1930s and it was the most profound and longest depression in the American History, which lasted from 1929-1939. Although the Great Depression began soon after the crash of the stock market in October 1929, it is too straightforward to say that that was the major cause of the Great Depression. This crash did not by itself cause the Great Depression. Even before the year 1929, signs of economic trouble had become evident. (Give Me Liberty! An American History, 5TH Edition, Eric Foner, Pg 811).

The Great Depression began with the crash of the New York Stock Exchange in 1929. Years of drought in the Midwest led to the ? Dust Bowl.? Poor farmers struggled to harvest enough crops to support their families and bring in money. Banks took over, foreclosing on properties, and forcing farmers and their families to find new homes.

The Great Depression was an economic collapse that began in 1929 and ended in 1938. During the Depression most citizens went through hardship .Three main causes of the Great Depression were the stock market crash of 1929, the Dust Bowl, and Bank failures.

The Great Depression was caused by the stock market crash in 1929. The Great Depression was very sad time for Americans, who faced many adversities which ultimately changed the way they lived. During this period of time unemployment rose to nearly 25% of the population, those who did not lost their job saw a dramatic decrease in their pay.

During the Great depression, the whole economy suffered through economical, social, and psychological strains on families affecting everyone differently. The Great depression first occurred in 1929 when the Gross domestic product kept declining, but did not fully affect the economy. Wall Street was blamed when it crashed a few months later causing investors to panic and sell their shares of stocks because they lost faith in the American economy. Over the next years, consumer spending and investments dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

There were several factors that played a major role in the Great Depression. The main explanation was overproduction of both farm and factory and the unequal distribution of wealth throughout the 1920s. The excessive speculation in the 1920s kept the stock market at a deceitful high, and came crashing down in 1929. Over extended credit at

Farmers also became unemployed. The clients would not buy from him because either the prices were too high due to there being not as much crops or due to there being no crops at all because of the money needed to plant. The farmers usually lived in the plains due to more to harvest crops. There was a problem though. The weather was usually not as good. There were droughts and windstorms and severe weather conditions, That did not cooperate with the great depression either. Both put together

The first and most obvious known factor in the development of The Great Depression is the stock market crash of 1929. The Money Alert website

There were many factors that caused the Great Depression. But one of the main causes of the Great Depression was the farming conditions. Before the Great Depression life was great! The American life was starting to get better and better. But In the early 1930 's soil was reduced to dust and eroded, because of drought and improper farming practice. This period of long, stressful farming conditions was known as the Dust Bowl. It led to the increased number of deaths in the 1930’s. The Dust Bowl has some major effects on the U.S. such as death, people unable to pay taxes and people were unable to purchase food.

Total unemployment rose from just over three percent in 1929 to just over twenty five percent in 1933, and did not increase back up to just over seventeen percent in 1939. By 1933 wages had fallen in every industry, with construction being affected the worst, where wages had dropped by half. Wages in 1933 were twenty five percent lower than in 1929. These decreases in wages caused decreases in purchasing across the board. Durable and nondurable sales alike decreased. Nondurable goods fell by forty one percent, where durable goods suffered the most and declined by sixty two percent. In the midst of the depression farmers also had a difficult time where usually they would have been able to survive. Unfortunately, the Great Plains were hit hard with both a drought and dust storms. The dust storms destroyed everything in their paths, leaving farmers without their crops. Small farmers were hit the hardest. Even before the dust storms hit, the invention of the tractor drastically cut the need for manpower on farms. The small farms were usually already in debt, borrowing money for seed and paying it back when their crops came in. When the dust storms damaged the crops, not only could the small farmer not feed himself or his family, he could not pay back his debt. Banks would foreclose on the farms and the farmer and his family would be both homeless and unemployed. Millions of people were out of work across the United States. Many people hit the road