Causes of the Great Depression
The Great Depression was the worst economic slump ever in U.S. history, and one that spread to virtually the entire 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 th
e combination of the greatly unequal distribution of wealth throughout the 1920's. As production grew farm prices dropped. In 1927, the Federal Reserve Board further inflated the currency by creating several more billion dollars. Also, there was an uneven trade going on between the U. was loosing money and goods other than receiving. People went into debt, and the prices of real estate and stocks skyrocketed. It was simply a matter of supply and demand. Also a big drought turned that portion of America into what was called "The Dustbowl. Another reasons for the stock market crash was caused Farmers continued to produce more and more food due to technological advances likes the tractor. " The theory was that an indicator of money and easy credit stimulated the economy.
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