Causes and Effects of the Great Depression by Ewan Kucha

Credit Expands

ewank2 — 2023-11-14 15:07:02 UTC

People were buying goods they couldn't afford on credit.

Reparations

rylandl2 — 2023-11-14 15:07:47 UTC

The german industry was completely gone after world war one.

STOCK MARKET CRASH 1929

rylandl2 — 2023-11-14 15:18:26 UTC

US stocks crashed, Buisnesses and Banks closed due to many of the small banks had lent large portions of their assets for stock market speculation and were virtually put out of business overnight when the market crashed.

American Industry too Dominant

ewank2 — 2023-11-14 15:18:43 UTC

Between 1914 and 1917 American industrial production increased 32% and GNP increased by almost 20% making us have the most dominant industry.

High Unemployment

rylandl2 — 2023-11-14 15:22:06 UTC

During the 1929 Wall Street Crash, many people who had investments in the stock market lost a significant portion of their funds.

Bank Failures/Collapse of Credit

rylandl2 — 2023-11-14 15:22:55 UTC

Fears among depositors caused banks to experience time- and space-clumped bank runs.

High Protective Tariffs

ewank2 — 2023-11-14 15:24:28 UTC

High taxes, and imported goods, and it was hard for countries to trade with each other.

Collapse of Products in World Trade

rylandl2 — 2023-11-14 15:25:40 UTC

Decreasing demand, growing bilateral trade agreements, rising tariffs and nontariff trade barriers, and global exchange rate regulations.

Growth of the Nazi Party and Blame of the Jews for Economic Collapse

ewank2 — 2023-11-14 15:30:44 UTC

The Nazi party grew and the Jews were blamed for the economic collapse. This would help lead to WW2