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Explain the cause-effect relationship...

Explain the cause-effect relationship...

Macroeconomics: Principles and Policy (MindTap Course List)
Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter5: An Introduction To Macroeconomics
Section: Chapter Questions
Problem 1TY
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i started but couldn’t do the third box because im stuck so may i please have help?
1 t 2 | 3 4 5 1 6 7 7 8 Use the diagram to help you answer the following questions. Click the title to the left for a larger version. Causes & Effects of the Great Depression Causes &Effects Great Depression 1. List two different causes of the Great Depression (in your own words) AND two direct effects on the American people. [Connect, clearly, 2 cause-effect relationships] Stock Market Crash On October 29th 1929, Wall Street faced its largest drop in value ever as sellers rushed to ALE sell their shares. As prices hit an all time low, the market crashed. Trade Restrictions The Smoot-Hawley Tariff in 1930 was meant to protect American companies by charging a tax on imports, however it led to foreign countries being less willing to buy American goods. Cause Effect Causes Droughs conditions The Dust Bowl and associated droughts left thousands of farmers in debt and forced to sel for little to no profit, making them homeless and jobless. Reduction in Purchasing With the stock market crash and the fears of further economic woes, Americans stopped purchasing items. This then led to a reduction in the number of items produced and thus a reduction in the workforce Drought Conditions -These left many people Bank Failures -Over 9,000 banks failed like farmers, in debt and forced them to sell for so throughout the 1930s. Many lost their savings and everything they kept in the bank Bank Fades Throughout the 1930s over 9,000 banks failled. Bank deposits were uninsured and thus as banks failed people simply lost their savings Unemployment As businesses and banks failed, many companies were forced to shut their doors. In 1933, the unemployment rate was as high as 25% little to no profit, making them poor and homeless with no jobs Effects sine Fhus In this new economic climate the demand tor goods decreased. As prices fell tactories closed, leading many businesses to literally disappear over night Foreciosunes Unemployed workers became unable to pay their mortgages leading their homes to go into foreclosure. Farmers impacted by the dustbowl also went into foreclosure. Thousands of Americans became homeless. Explain the cause-effect relationship... Source: Piktochart from New Visions for Public Schools.
Transcribed Image Text:1 t 2 | 3 4 5 1 6 7 7 8 Use the diagram to help you answer the following questions. Click the title to the left for a larger version. Causes & Effects of the Great Depression Causes &Effects Great Depression 1. List two different causes of the Great Depression (in your own words) AND two direct effects on the American people. [Connect, clearly, 2 cause-effect relationships] Stock Market Crash On October 29th 1929, Wall Street faced its largest drop in value ever as sellers rushed to ALE sell their shares. As prices hit an all time low, the market crashed. Trade Restrictions The Smoot-Hawley Tariff in 1930 was meant to protect American companies by charging a tax on imports, however it led to foreign countries being less willing to buy American goods. Cause Effect Causes Droughs conditions The Dust Bowl and associated droughts left thousands of farmers in debt and forced to sel for little to no profit, making them homeless and jobless. Reduction in Purchasing With the stock market crash and the fears of further economic woes, Americans stopped purchasing items. This then led to a reduction in the number of items produced and thus a reduction in the workforce Drought Conditions -These left many people Bank Failures -Over 9,000 banks failed like farmers, in debt and forced them to sell for so throughout the 1930s. Many lost their savings and everything they kept in the bank Bank Fades Throughout the 1930s over 9,000 banks failled. Bank deposits were uninsured and thus as banks failed people simply lost their savings Unemployment As businesses and banks failed, many companies were forced to shut their doors. In 1933, the unemployment rate was as high as 25% little to no profit, making them poor and homeless with no jobs Effects sine Fhus In this new economic climate the demand tor goods decreased. As prices fell tactories closed, leading many businesses to literally disappear over night Foreciosunes Unemployed workers became unable to pay their mortgages leading their homes to go into foreclosure. Farmers impacted by the dustbowl also went into foreclosure. Thousands of Americans became homeless. Explain the cause-effect relationship... Source: Piktochart from New Visions for Public Schools.
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