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Causes of The Great Depression-
Title: Causes of The Great Depression-
Category: History
Details: Words: 3786 | Pages: 16.1 (approximately 235 words/page)
Causes of The Great Depression-
Causes of The Great Depression-
The Great Depression was the worst economic slump ever in U.S.
history, and one which spread to virtually all of the industrialized
world. The depression began in late 1929 and lasted for about a
decade. Many factors played a role in bringing about the depression;
however, the main cause for the Great Depression was the combination
of the greatly unequal distribution of wealth throughout the 1920's,
and the extensive stock …showed first 75 words of 3786 total…
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…showed last 75 words of 3786 total…to be made in the stock market
nobody wanted to make low interest loans. To protect the nation's
businesses the U.S. imposed higher trade barriers (Hawley-Smoot Tariff
of 1930). Foreigners stopped buying American products. More jobs were
lost, more stores were closed, more banks went under, and more
factories closed. Unemployment grew to five million in 1930, and up to
thirteen million in 1932(end note 49). The country spiraled quickly
into catastrophe. The Great Depression had begun.
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