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Yes, but that wasn't anything to do with the great depression, it was caused for many other reasons. Mainly the Stock Market collapse, due to the lack of financial controls on stock trading back in the day.
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Did the south began to rely less on cash crops like cotton during the great depression?
True
Was the Great Depression World Wide?
Yes, the Great Depression was a major event since it affected the economies of the entire world and lasted for approximately 10 years. The were riots in America and people were shot by guards at Henry Ford's plant as he was blamed for the unemployment. The effect on people living during the Great Depression was to make them into fiscal conservatives for the remainder of their lives and caused then to only buy when the cash was available. Credit was not available or wanted for many years. The Great Depression also contriibuted to ther start of WWII due to the extended poverty in Japan and Germany. It is not called the Great Depression with good reasons. It is said that WWII is what finally brought the US and the world out of the depression. Will history repeat itself?
What was one cause of the stock market crash of 1929 and the Great Depression that followed?
There were many economic causes of the Stock Market Crash of 1929. Over speculation in the market was not regulated by the government. Some businesses were over-rated in value so that stock prices would rise. Many Americans purchased stock on credit. This was known as margin buying. Consumers often did not have the cash on hand when stock brokers called in the "loan." Banks were permitted to speculate in land and the stock market with little government regulations. High tariffs and war debts helped spread the economic depression world wide. The Stock Market Crash of 1929, while not the cause of the Great Depression, signaled the beginning of the Great Depression.
Was the Great Depression a global depression?
No. America MIGHT be in a recession, which is classified as two consecutive quarters of negative GDP growth (of which we now have one). As of December 1, 2008, we are officially in a recession. Two quarters, no growth. Next step.....depression.
What was the cash crop during the antebellum period?
Tobacco
Did the south began to rely less on cash crops like cotton during the great depression?
True
How did people make money during the Great Depression?
During the Great Depression, my grandfather was a small town sheriff. When many were out of work, he had a job. The same is true for teachers. When he had the cash, others did not. So he bought up a music store, a well drilling business, and several apartments which were foreclosed. Having the cash is the key. If you have cash, you have power. Power to buy what others cannot own. He bought, bought, bought...The KEY is....be debt free, have as much cash as possible, and then buy wisely. People will always need basics.
How is the box office surviving the financial crisis?
All too well, in my opinion. Well, the stinkers anyway. The great films deserve all the cold hard cash they get. The Great Depression is happening all over again. And during the great depression, people spent all day in a theatre to distract themselves from the hell happening out there....
How did the Cotton industry have an impact of the Depression during the 1930s?
The cotton industry was one of the hardest hit during the Great Depression of the 1930s. It was said that crop prices fell by an estimated 60%. Cotton was considered a cash crop and when the stock market fell, so did the prices on cotton resulting in devastating losses.
What is Cash and Carry during World War 2?
Cash and carry allowed the sale of materials to warring nations if recipients arranged for the transport and paid immediate cash.
What was the best jobs during the Great Depression?
The best jobs during the great depression were based on necessity, not want. For instance, jobs that rely on things we need, such as food, water, health, oil, and transportation will be safe. On the other hand, jobs that derive from want, such as clothes, will not prosper during tough economic times. In addition, many jobs in the banking industry will suffer as the tough economy cannot give banks the necessary cash flow to sustain themselves.
What is Cashed back Bank draft?
This makes no sence..It should be CASH BACKED..! meaning backed up by cash. This way it more seams to be a scam, form a non English speaking person...
What is the best liquid asset you could have?
Cash backed by gold. Such as Swiss Francs.
Who did the Agricultural Adjustment Administration help?
It helped farmers all around the U.S. in the Great Depression era expand their varieties of main cash crops.
Are gas stamps used in the Great Depression worth any money?
You are lucky to have them!!!! I heard they are worth up to $10000 dollars each! Cash them in right now!
The experiences of the rich in Great Depression?
Many rich people were in the stock market, and if that was their major asset, they were very suddenly broke. If people had other assets--land, gold, and particularly cash. they didn't lose everything and in fact bought assets from those who had no cash (cars, land, etc.). Then after the Depression became much richer as a result.
How many people used emergency money in the great depression?
That's part of the point of a Depression. No one had "emergency money", or very few people. Banks of which there were literally hundreds at the time shut down as people withdrew all their (cash) money.
