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When the stock market started to go down everyone got nervous and started to sell. More than 16 million shares were sold, this was known as the Great Crash.

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The tariffs were intended to reverse the "downward slide", the government tariffs to protect America products from foreign competition

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The stock market was booming in the 1920's but in 1929 the economic took a turn for the worse when people started selling because they were nervous. Leading in to the great depression.

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The problem was that the wealthiest few could not buy enough to keep the economy booming.

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Many people were not wealthy but they still Model T Fords along with a variety of other consumer products

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Stock prices collapse and people spend less money which caused troubles for businesses. Production cuts kept getting bigger so businesses had to close plants and fire workers to save money.

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During WWI, farmers had to increase how many crops  they harvested because of the growing population, so they bought more land and expensive tractors along with other farm equipment. After the war, the demand for the crops fell but the farmers continued to harvest and produce an abundant amount of crops which resulted in a surplus amount of crops and many debts that were unable to be paid off. There was a rural depression that forced the farmers to sell their goods because they didn't have enough money to buy new consumer goods produced by American industries.

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The country's banks could not survive because people gave the money to the banks to secure but the banks invested the money into their own stocks and when the people wanted to receive that money, they weren't able to.

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Was one of the causes why the depression spread across the globe.

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June 1930 - raised taxes on foreign imports, such that foreign good could not compete in the American market. Damaged international trade and damaged the economy in America.

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Too much money being poured into stock speculation.

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In 1929, stock market began to sputter and fall.

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Retaliated to protect their own goods, by raising their tariffs

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The rich were not buying.

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The federal reserve cut interests rates to stimulate the economic growth. The "Fed" limited the money supply to discourage lending which caused there to not be enough money in circulation after the stock market crashed.

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While wages rose gradually worker productivity increased astronomically

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Too many Americans did not have enough money to buy what they wanted or needed.

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The European Countries problem of reparation payments, war debt payments, international imbalance of trade created a shaky economic structure

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In 1929 the wealthiest 1% of the population earned about the same amount of money as the bottom 42%

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People used credit to buy automobiles, appliances, and other goods

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Between 1923-1929 output per person-hour jumped 32% but workers-wages inched up only 8%. Corporate profits from worker output skyrocketed 65%

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Germany ceased the reparation payments, The United States suspended France and Britain's war debt payments. European nations experienced the same America did.

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Wealthy American families had annual incomes of over $100,000, which was 50 times more than most families.

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The installment plan was used as well

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Stocks were purchased with credit

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More debt was caused by people using credit to purchase goods.