The Great Depression by Daniel Jaramillo

Baby Thesis 3

970843 — 2014-11-14 20:40:14 UTC

Another major cause of The Great Depression was increasing unemployment rates.

Baby Thesis 2

971731 — 2014-11-14 20:42:47 UTC

Decline in worker income was also a big contribution that led to The Great Depression.

Document 1

971671 — 2014-11-14 20:52:16 UTC

Although businesses were doing great with what they were producing, this document shows that soon after businesses prospered, it wasn't long before an economic loss occurred that hurt the business's prosperity.

Document 2

971731 — 2014-11-14 20:53:15 UTC

In this Document, it revealed that as companies started to crash, things worsened for the people. People started saving whatever little money they had so it would accumulate and they would achieve wealth, because they believed anyone could be rich.

Document 4

970843 — 2014-11-14 20:55:00 UTC

Farmers and non-farmers were losing jobs and the unemployment rates were at its highest peak between 1921-1935, when the depression was just beginning. However, as the years went by, more jobs were being lost, therefore leading the economy into The Great Depression.

Document 7

970843 — 2014-11-14 20:55:09 UTC

People weren't making enough money, even with all the hours they were working. They soon found that they had to take any job they could and make the best of it because they could not find work elsewhere.

Document 10

970843 — 2014-11-14 20:55:16 UTC

Due to people losing their jobs and not having enough money to pay for what they needed, they were buying things on credit. This eventually hurt the economy because with no job to make money, people couldn't pay what they owed.

Document 9

971731 — 2014-11-14 21:04:55 UTC

With 60% of America's population working under the poverty line, its no surprise that this only worsened Americas economy. This meant that more than half of the US was considered too poor and could not financially contribute to a successful growing economy.

Document 3

971671 — 2014-11-14 21:07:32 UTC

The stock market crash of 1929, showed the effects of buying stocks. The crash led to the defeat of big businesses, not only did they lose workers but they aslo lost millions of dollars.

Document 5

970843 — 2014-11-14 21:08:24 UTC

People started investing their money into failing stocks believing that they would make quick profit and they would become wealthy. More people saw this as an opportunity to make money, and soon more people wanted to take a part in this investment. However, it soon led to increasing price and competitive bidding. These investments didn't lead to wealth, only a bigger economic slump.

Document 6

970843 — 2014-11-14 21:11:25 UTC

Due to the high unemployment rates, people had to find other ways to buy the good they needed. Some people, however, didn't need everything they were buying and with no job or poor pay, many saw themselves in debt.

Document 8

971671 — 2014-11-14 21:13:11 UTC

Businesses were using advertisements in order to persuade people into buying things that would essentially ruin the buyer. The products being advertised were being sold at high prices that people couldn't afford to buy during this time. Businesses were also hurt during the depression, so they need to try and sell products in order to somehow make money to rebuild their company.

Document 11

971671 — 2014-11-14 21:15:46 UTC

Farmers were overproducing goods and that led to a drop in their income. People weren't making enough money to buy what they needed and that affected the farmers. Farmers had to try and sell everything that they produced hoping to increase their income.

Baby Thesis 1

971671 — 2014-11-14 23:28:51 UTC

The biggest cause of The Great Depression was business prosperity decreasing.