causes and effects of great depression by Chloe Schall

cause #2

kacih — 2023-11-14 15:06:35 UTC

Reparations - German industry gone after WW1. 1923-issue 50 million mark banknote. Worth approximately $1 US when printed, this sum would been work approximately $12 million, nine years earlier. The note was practically worthless a few weeks later due to continued inflation.

effect #1

chloes2_ — 2023-11-14 15:07:55 UTC

high unemployed- At the height of the Depression in 1933, 24.9% of the nation's total work force, 12,830,000 people, were unemployed. Wage income for workers who were lucky enough to have kept their jobs fell 42.5% between 1929 and 1933.

Cause #1

oliviak47 — 2023-11-14 15:09:07 UTC

Credit Expands - People bought goods they couldn't on credit. Meaning things got taken since they couldn't pay the money back.

cause #3

kacih — 2023-11-14 15:09:08 UTC

American industry too dominant

effect #2

chloes2_ — 2023-11-14 15:12:33 UTC

bank failures/collapse of credit- when the banks failed it caused people to not have access to the banks which also led to high unemployment.

Cause #4

oliviak47 — 2023-11-14 15:13:44 UTC

Stock Market crash - US Stocks crashed and business and banks closed and a lot of people lost their savings due to this crach.

cause #5

kacih — 2023-11-14 15:14:04 UTC

High protective tariffs- tariff Tax imported goods, hard for countries to trade with each other.

effect #3

chloes2_ — 2023-11-14 15:14:42 UTC

collapse of products in world trade- the imports became largely unaffordable and people who had lost their jobs could only afford to buy domestic products. Global trade tanked 65%l

effect #4

chloes2_ — 2023-11-14 15:20:11 UTC

growth of nazi party and blame of jews for economic collapse- hitler was blaming all of the jews for the great depression and world war 1.