The major causes of the Great Depression of the 1930s?
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 great depression is very wrong. The answer is the industrial revolution
The Democratic Party gained more support during the Great Depression, because of the terrible conditions. The Democratic Party initiated several programs to alleviate the terrible conditions.
Where did the great depression.... WHAT???-The BOLD explainer ;)
WWI was a major cause of the Great Depression.
Akbar the great
Isolationism is a CONSEQUENCE of the great depression. After the Great depression many Nations focused on internal affairs.
The Great Depression
No. There is no mention of the great depression in the Bible.
It happenes during the Great Depression.
how did the great depression affected Belize
How about "And that was my story on the great depression."
Yes, the Great Depression was in the 1930's.