What Caused The Great Depression

Over at the factories they were encountering the same problem, overproduction. Companies had no other choice than to lower the prices in hopes of more purchases.Nonetheless, they would gain less profit. This resulted in workers getting laid off because the profits weren't enough to afford all the workers they once had. Another issue that didn't help the economy was the wealth gap. One percent of the wealth controlled 65 percent of the nation.

-Wages were low, and people could not buy all the goods produced by the factories slowing down sales even more

Meanwhile this time period caused the loss of many jobs. There were those who were lucky and kept their job, but the wages had dropped drastically causing many to buy with credit and fall into huge debts. This was a hard time for most people and it affected most countries. The Great Depression was worse in the countries that were in debt to the United States. At this point North America and Europe were affected the hardest. This situation first started in the U.S. and spread worldwide because of the

By October twenty-eighth (Black Monday), the stock market began to fail again and went into a free fall (1). The Dow would fall by a combined twenty-five percent between Black Monday and Black Tuesday (2). This sudden large drop prompted panicked investors to sell a total of over sixteen million shares on Black Tuesday (2). To lessen losses, stock brokers called in their loans to American citizens (2). People began scrambling to find enough money to pay their loans (2).

The depression was caused by a number of serious weaknesses in the economy. Although the 1920 seemed to be on the surface to be a prosperous time, income was unevenly distributed. The wealthy made a large amount of money, but more and more Americans spent more than they earned, and farmers faced low prices and heavy debt. The effects of World War I (1914-1918) caused economic problems in many countries, as Europe struggled to pay war debts and reparations. These problems build up to the crisis that began the Great Depression.

Hunger, uncleanliness, homelessness and poverty were widespread across the world.The Great Depression had a negative effect on every living American from every walk of life. It began in October 1929 shortly after the stock market crashed. Jobs were lost, businesses were shut down and people were left with nothing. In 1930 there was a drought which caused the Agricultural Depression. Along with the stock market crash this was a major factor in the Great Depression.

The Great Depression was a period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared. Strangely this economic slump occurred after a very prosperous time in the 1920s. There were many reasons that the 1920s were a prosperous time for the United States, but curiously it would determine the fate of the 1930s.

The “Black Thursday” was just the beginning. After five days, on Tuesday the 29th, 1929, the society actually saw at that point an expected devalue in the stock market, which according to Kelly, M. (2010), the stock market “…lost 12% of its value

The Depression hit the hardest for the nations that had been most greatly indebted to the United States, Great Britain and Germany were among these nations. Unemployment increased sharply for Germany in late 1929, by early 1932 unemployment had reached 6

Families were torn apart and businesses were torn financially. Many businesses shut down because they didn’t have enough money to keep going or people didn’t have enough money to keep them in business. If the businesses didn’t have enough money than they couldn’t pay their employees and many people lost their jobs. This was hard on families and supporting their family would be difficult without any income coming in they wouldn’t be able to buy food or even pay for their rent. The crash had an impact on every citizen and negatively brought down everything they had to offer. One individual named George Mehales lost everything he had because of the crash. Even Banks were affected because they invested in the market and lost money. People panicked and ran to get money fearing that they would run out of money and took their savings out. The whole country was in tyranny and sorrow because everything seemed as if nothing will ever get better and it was the

The Great Depression begin on October 29 between (1929-1939), it was the one of a few longest-time significant event that had occurred, the deepest low financial in the history of the Western manufacturing world. In the US, after the Great Depression had started the stock crashed during October 1929, which shocked the streets of people into a terror stage and had wiped out millions of depositors.

On October 29, 1929, what is known today as Black Tuesday hit Wall Street. Investors traded some 16 million shares on the New York Stock Exchange in that single day. Stock tickers ran hours behind because the machinery of the time could not handle the tremendous volume of trading that was happening. Stockholders lost billions of dollars, wiping out thousands of investors. There was talk of mass suicides due to the crash; though this was greatly exaggerated, there were a record number that year. After Black Tuesday, stock prices did not have any further to fall so

Lowing the wage caused the unemployment percentage to increase. People weren’t getting enough money to provide the necessities for themselves and their family. The unemployment rates stayed high for the longest period of time (1926-1945). With no jobs and no money more and more people started to jump off of buildings and committed suicide because of the loss of hope. So not only were unemployment rates increasing and money loss, there was a loss of hope and people’s lives. Farmland food productions decreased because, even farmers were unemployed or quit working on their farmland due to not getting paid enough money for more farm supplies and stuff to live. With no one tending farms and keeping the land under

The Great Depression was a worldwide economic crisis that began in 1929 and lasted until the late 1930s. This caused unemployment and suicides all around the world. The Great Depression was not only caused by the Stock-Market crash, but several economic factors.

The Great Depression started in 1929, and the devastating effect lasted until the late 1930s. Almost all countries saw the prices of their goods drop,