The Great Depression

The broad low gear What was the great belief? The great first was a mankindwide economic crisis in the 1930s. It was the longest, most wide pervade, and deepest depression of the twentieth century. In the 21st century, the Great low is unremarkably apply as an example of how far the worlds economy layabout decline. The depression originated in the U.S., starting with the fall in hand over prices that began around September 4, 1929 and became worldwide news with the received marketplace flash of October 29, 1929 known as Black Tuesday. From on that point, it quickly spread to just ab pop out every earth in the world. Some economies started to recover by the mid-1930s. However, in some(prenominal) countries the ostracize effects of the Great Depression lasted until the start of World war II. What were the causes of the depression? 1. As too soon as 1926, there were signs that the boom was under threat this was seen in the go against of reduce prices in Florida. 2. Eventually, there were too many goods being do and not enough people to purchase them. 3. Farmers had mystifyd too oft food in the 1920s, so the prices for their produce became lower. 4. There were too many small banks these banks did not admit enough pecuniary resource to cope with the sudden rush to care out savings, which happened in the autumn of 1929. 5.

Too much assumption on the stock market the middle class had a lot to fall asleep and they had spent a lot on what amounted to pieces of paper. 6. The Wall road Crash of October 1929 was a massive mental blow. 7. America had modify huge sums of mone! y to European countries. When the stock market collapsed, they utterly recalled those loans. This had a devastating impact on the European economy. 8. The collapse of European banks caused a general world financial crisis. What were the consequences of the depression? 1. Unemployment - 13 million people were out of work. 2. Industrial product dropped by 45 per cent amongst 1929 and 1932. 3. House-building...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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