There were several major causes of the Great Depression in the United States. 1. Unequal distribution of wealth. There was not a large middle class. While wages were rising for the majority of workers, they were not keeping pace with the increase in the cost of living or the wealth in the hands of the industrialists and others in the upper income classes. 2. There was over speculation in the Stock Market, which was not regulated. Many Americans purchased stock on credit. This was known as margin buying. 3. Increased manufacturing and agricultural output, but wages that did not keep pace for the consumers to purchase all that was produced or grown. Hence, inventories increased and agricultural income remained low. 4. Buying on credit, known in the 1920s as installment buying. People purchased things like refrigerators on time, and did not have money to pay for the product in the future, when the bills became due. 5. Federal regulations on businesses also contributed to the cause. Especially favorable to the large corporations were the taxes laws which were written to encourage business expansion. 6. Banks were permitted to speculate in land and the Stock Market with little government regulations. 7. High tariffs and war debts helped spread the depression world wide. 8. The Stock Market Crash of 1929 signaled the beginning of the Great Depression.
The Stock market crash in October 1929
It was started in 1929.
The Great Depression began on October 29, 1929.
The Great Depression started in about 1929, official start date of it considered as Black Tuesday on October 29, 1929.
The great depression started in october 1929 when the stock market crashed and it ended in 1934.
The event is called Black Tuesday
it started in 1929
It was started in 1929.
The Great Depression began on October 29, 1929.
The Great Depression started was started in the economic downfall in the 1930's. But the Great Depression really started when the stock market crashed October 29, 1929.
The event that began the Great Depression was the disastrous Stock Market crash of October 29, 1929.
The crash of the stock marketin 1929.
Stock Market crash in 1929
the Great Depression
The Great Depression started in about 1929, official start date of it considered as Black Tuesday on October 29, 1929.
The great depression started in october 1929 when the stock market crashed and it ended in 1934.
The event is called Black Tuesday
In October of 1929 with the crash of the stock market.