The Great Depression

The extensive low gear What was the great low gear? The great depression was a mankindwide economic crisis in the 1930s. It was the longest, most wide stretch, and deepest depression of the twentieth century. In the 21st century, the Great low is ordinarily apply as an example of how far the worlds economy washbowl decline. The depression originated in the U.S., starting with the fall in deport prices that began around September 4, 1929 and became worldwide news with the pains foodstuff flash of October 29, 1929 known as Black Tuesday. From at that place, it quickly spread to just ab pop out every demesne in the world. Some economies started to recover by the mid-1930s. However, in some(prenominal) countries the nix effects of the Great Depression lasted until the start of World war II. What were the causes of the depression? 1. As in any case soon as 1926, there were signs that the boom was under threat this was seen in the dispel of get to prices i n Florida. 2. Eventually, there were too many goods being do and not enough people to purchase them. 3. Farmers had mystifyd too much 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 silver 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 bear and they had spent a lot on what amounted to pieces of paper. 6. The Wall pass Crash of October 1929 was a massive mental blow. 7. America ha d alter huge sums of money to European coun! tries. When the stock market collapsed, they all at once 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 take 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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