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      <title>Causes of the Great Depression by Desyher Thomas</title>
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      <description>Made with the strength to succeed</description>
      <language>en-us</language>
      <pubDate>2019-02-27 14:43:55 UTC</pubDate>
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         <author>desyhersht3871</author>
         <link>https://padlet.com/desyhersht3871/v2a9kmk71qff/wish/335913485</link>
         <description><![CDATA[<div>The invasion of the boll weevil and serious droughts caused farmers to be launched<br>into serious loss of income and the need to examine agricultural practices.</div>]]></description>
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         <pubDate>2019-02-27 14:52:32 UTC</pubDate>
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         <pubDate>2019-02-27 14:53:06 UTC</pubDate>
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         <link>https://padlet.com/desyhersht3871/v2a9kmk71qff/wish/335914921</link>
         <description><![CDATA[<div>The boll weevil is an insect whose larva feeds<br>on the cotton plant. While the pest is thought to<br>have originated in Central America, by the<br>1890's it had made its way into Mexico and then<br>into Texas. By 1915 it had migrated to Georgia<br>and drastically reduced the state’s cotton crop.<br>According to the New Georgia Encyclopedia,<br>due to the destruction caused by the boll weevil,<br>Georgia cotton farmers went from producing<br>“5.2 million acres of cotton in 1914 to 2.6<br>million acres in 1923.”</div>]]></description>
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         <pubDate>2019-02-27 14:54:11 UTC</pubDate>
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         <title></title>
         <author>desyhersht3871</author>
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         <pubDate>2019-02-27 14:55:27 UTC</pubDate>
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         <author>desyhersht3871</author>
         <link>https://padlet.com/desyhersht3871/v2a9kmk71qff/wish/336413177</link>
         <description><![CDATA[<div>Boll Weevil - insect whose larvae feed on cotton crops; decimated cotton production in the<br>southeastern United States.</div>]]></description>
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         <pubDate>2019-02-28 14:39:44 UTC</pubDate>
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         <title></title>
         <author>desyhersht3871</author>
         <link>https://padlet.com/desyhersht3871/v2a9kmk71qff/wish/336413571</link>
         <description><![CDATA[<div>Drought of 1924 - one of the worst droughts in Georgia’s history; led to a depression in the<br>state that predated the Great Depression.</div>]]></description>
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         <pubDate>2019-02-28 14:40:21 UTC</pubDate>
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         <author>desyhersht3871</author>
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         <description><![CDATA[<div>Bank Failures: During the 1920’s and 1930’s, there was no insurance protecting deposits. If enough of the banks customers tried to withdraw their money, the bank would eventually run out. This was called a bank failure. After the stock market crash, this actually<br>happened and many banks failed in the early 1930’s. In turn many people lost their life savings. Those banks that managed to stay in business were hesitant about making loans, thus slowing down the purchasing power of big business and the individual buyer. Consumers lost their jobs and had no money to spend. With an unemployment rate of 25%, this further lessened the purchasing power of the average consumer.</div>]]></description>
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         <pubDate>2019-02-28 14:42:30 UTC</pubDate>
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         <title></title>
         <author>desyhersht3871</author>
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         <pubDate>2019-02-28 14:44:36 UTC</pubDate>
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         <title></title>
         <author>desyhersht3871</author>
         <link>https://padlet.com/desyhersht3871/v2a9kmk71qff/wish/336422345</link>
         <description><![CDATA[<div>Reduction in Purchasing: In what became a vicious cycle, after the stock market<br>crash, and due to other economic fears, the average consumer stopped purchasing goods. When<br>people stopped buying products, companies in turn lowered their production rates. With lower<br>production rates, many</div>]]></description>
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         <pubDate>2019-02-28 14:52:59 UTC</pubDate>
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         <author>desyhersht3871</author>
         <link>https://padlet.com/desyhersht3871/v2a9kmk71qff/wish/336422948</link>
         <description><![CDATA[<div>Overproduction of Agriculture Products: Before the major droughts that hit the<br>Midwest causing the Dust Bowl, many farmers over-produced. In the 1920’s Midwestern<br>farmers produced record numbers of agricultural products. However, this over-production led to<br>a tremendous drop in the price of agricultural products and dramatically limited the profit<br>margins of farmers. During a period of time where millions were starving, farmers destroyed<br>much needed food or stopped growing crops all together in order attempt to raise the price of<br>agricultural products. A major drought hit the Midwest in the 1930’s driving thousands of<br>farmers from their homes and added to the millions of Americans already out of work.</div>]]></description>
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         <pubDate>2019-02-28 14:53:47 UTC</pubDate>
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         <title></title>
         <author>desyhersht3871</author>
         <link>https://padlet.com/desyhersht3871/v2a9kmk71qff/wish/336423229</link>
         <description><![CDATA[<div>Though, Georgia, a predominantly rural state, was already suffering from a depression<br>due to the boll weevil and drought, the economic boom experienced by the rest of the United<br>States ended with the Stock Market Crash of 1929. In this downturn, stock-holders lost over 40<br>billion dollars, and businesses were never able to recover from these losses throughout the<br>1930’s. However, a series of other factors led to the continuation of a world-wide depression for<br>almost a decade.</div>]]></description>
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         <pubDate>2019-02-28 14:54:12 UTC</pubDate>
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