The great depression started after the stock market crashed in October 1929. It wasn't the reason for the great depression but it was a big contributing factor. The Stock Market crashed because people were ultimately using money that didn't exist. The banks were using their client's money and were giving out loans that people could not afford. Once the stock market crashed everything was worth nothing.
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 main cause to the start of the great depression was the Wall Street Crash in 1929.
N0. One man can not start a great depression even if he tries to start one and most certainly Hoover did not want to start any kind of depression, let alone a great one.
It began in 1925, and ended in 1933
The Great Depression was a direct result of the crash of the US stock market in 1929.
It started in the U.S.
The main cause to the start of the great depression was the Wall Street Crash in 1929.
N0. One man can not start a great depression even if he tries to start one and most certainly Hoover did not want to start any kind of depression, let alone a great one.
It began in 1925, and ended in 1933
The Great Depression was a direct result of the crash of the US stock market in 1929.
No money
Which combination of factors contributed most to the start of the Great Depression of the 1930's?
No. The great depression began in 1929 and extended through WWII.
Spring I hope.....:)
Herbert Hoover
It started in the U.S.
The main cause to the start of the great depression was the Wall Street Crash in 1929.
The great depression started in october 1929 when the stock market crashed and it ended in 1934.