There are 4 major trends that lead to the Great Depression
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In the 1920's, Americans began buying goods they couldn't pay for. Consumers wanted the newest products, but didn't have enough money to buy them. They began to use a system called the credit card to buy luxury goods. Banks also made risky loans and did not spend money wisely. On Oct. 29, 1929, the stock market crashed. This event, known as Black Tuesday, was the #1 cause of the great depression. After the stock market crashed, Americans swarmed into banks, demanding their money back. However, the banks had made risky loans, and like the Americans, had little or no money to give back. Banks began closing all over the U.S. Americans also were afraid to buy anything anymore, so businesses started going out of business.
Also, during the depression, the area in the middle of the U.S., known as the Dust Bowl, was attacked by a huge drought that swept up topsoil. This soil made it possible to grow crops, and when it was blown up by huge dust storms, there was no way to farm. Many families who lived in the states of Oklahoma, Arkansas and Kansas were left with no work and no food. Many moved to California.
Do to the fines Germany had to pay, they sank into a depression.
Yes. The stock market crash did not cause the depression. Instead the economic crisis and the depression caused the stock market crash
Economic prosperity.
The boom of the 1920's rested on a weak foundation since the prosperity was not enjoyed by all economic groups.
Many things can be the cause of depression. Questioning your own sexuality or the sexuality of someone close to you can cause depression also.
Banksters.
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
it can cause depression and nervous breakdown.
what is an economic depression?
Do to the fines Germany had to pay, they sank into a depression.
The Great Depression
increased tariffs
Yes. The stock market crash did not cause the depression. Instead the economic crisis and the depression caused the stock market crash
The Great Depression
During an economic depression threes a lack of economic activity that can last for several years.
Economic prosperity.
There is no real known cause for a psychotic depression. These factors increase the risk on a depression however: History of depression, Female gender, Low socio-economic status, Traumatic childhood, Isolation, Negative outlook and behaviours.