The Great Depression in the United States by Karina Rubalcaba

Baby Thesis One

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One factor that caused the Great Depression

was the high unemployment and low income rates.

Baby Thesis Two

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Another factor that led to the Great Depression was the economy and its debt.

Baby Thesis Three

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The last factor that caused the Great Depression was the stock market crash.

Document Four

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The statistics show of the high unemployment rates in America. With lessened workers in the labor force, the flow of money is decreased, leading to the weakened economy.

Document Nine

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Many people during in 1929 were barely living on the bare minimum to survive in America. With an annual income of around $2,000, the economy wasn't as strong and the contraction eventually led to the deep trough in the economic cycle.

Document Seven

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The people of the farm industry were receiving low salaries. The shortage in money flowing through this part of the industry caused the economy to be unbalanced.

Document Eleven

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The farm industry crashed and prices were going lower than ever. Overproduction resulted and people were using up the surplus quickly and because of the crash, it was a variable in the cause of the Great Depression.

Document Two

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Americans had the idea that if they bought stocks, they would gain much profit from it to become rich. People began to buy a lot of profits, and when the stock market crashed, no one gained profit and more debt accumulated.

Document Three

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During the 1900's many people invested all their money into stocks and expected them to result in lots of profit. Since they did invest all their money they went broke.

Document Five

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People invested in stocks looking to win profit, not to help the economy. The flow of money were then set on the basis of competitive bidding rather than looking to be fundamental to America.

Document Six

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Many people were buying items off of credit through the installment plan. People kept spending and were not paying attention to the accumulation of debt and when faced with it, the debt seemed to be sapping the economy.

Document One

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The economy follows a trend where after times of prosperity, it tends to experience a recession or deression. After the Bull Market Boom, the Great Depression occurred.

Document Eight

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People were beginning to buy more luxury items than necessities off of credit. As a result from over spending and accumulating debt, the economy weakened.

Document Ten

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The surplus of items were used up and yet people kept spending. Adding on to the debt from the installment plan, people looked to continue buying off credit and did not think of the large accumulated debt that they were all contributing to.