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Inflation
- excessive ability to buy stock on margin
- excessive number of inexperienced investors suddenly in stock market
- bad farming practices causing excessive erosion, resulting in rise of farm foreclosures (even before market crash)
- overproduction on successful farms, causing deflation in farm prices
- rampant deflation following market crash, as nothing had value anymore (everyone was trying to sell anything they had to pay what they could on called margin loans)
- president Hoover could not believe anything was really wrong, so ignored the crash, foreclosures, unemployment, etc.
Oh, sorry, I forgot you only wanted 3...
Wiki User
∙ 11y ago
Wiki User
∙ 12y ago1. Hair bows were popular
2. Shirts were green
3. The ground had bugs.
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.
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What were 3 main reasons of the great depression?
One main reason the Great Depression ended is because World War II came to an end. The Great Depression began in 1929.
What other countries were involved in the great depression?
The Great Depression was a global depression. It mainly hit the US and Europe. The US was the largest economy and its stock market had crashed. This had world wide affects as economics is not only within one's borders. Europe and other parts of the world were also recovering from World War I, paying for the debts they'd acquired from the war. Also, because European countries controlled many colonies around the world, the Great Depression also hit many of these colonies.
How many banks failed in 3 years after the stock market during the great depression?
10000
How much did a sweater cost in the great depression?
6 bits. or 1/3 of a buggywhip. Thanks for bringing up the Depression btw.
What is the 3 main causes of World War 2?
German, Japan, Italy.
What were 3 main reasons of the great depression?
One main reason the Great Depression ended is because World War II came to an end. The Great Depression began in 1929.
Is there going to be great depression 3?
There has only been one Great Depression.
How much was 10 cents in the great depression?
3
What are the release dates for Jersey Shore - 2009 The Great Depression 3-8?
Jersey Shore - 2009 The Great Depression 3-8 was released on: USA: 17 February 2011
What were the 3 main causes of exploration?
Gold an glory and god
How old were most children who lived through the Great Depression?
they were 3 to 6 or 5
What are 3 main causes of desertification?
3 main causes of desertification is: 1. Overgrazing 2. Deforestation 3. Agricultural activities. Other factors are: Climate change, drought, moisture loss, population growth, etc.
What other countries were involved in the great depression?
The Great Depression was a global depression. It mainly hit the US and Europe. The US was the largest economy and its stock market had crashed. This had world wide affects as economics is not only within one's borders. Europe and other parts of the world were also recovering from World War I, paying for the debts they'd acquired from the war. Also, because European countries controlled many colonies around the world, the Great Depression also hit many of these colonies.
What are the 3 causes of data loss?
3 main causes are :-VirusesMedia fail (hard disk fail, CD break, DVD corruption etc)Accidental deletionExcept that natural disaster and intentional deletion are main causes of data loss.
How many banks failed in 3 years after the stock market during the great depression?
10000
How much did a sweater cost in the great depression?
6 bits. or 1/3 of a buggywhip. Thanks for bringing up the Depression btw.
What is the 3 main causes of World War 2?
German, Japan, Italy.
