1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aloiza [94]
3 years ago
8

What were the causes and effects of the Great Depression?

Social Studies
1 answer:
garik1379 [7]3 years ago
8 0

Answer:

5 Causes of The Great Depression

It was not just one factor, but  instead a combination of domestic and worldwide conditions that led to the Great Depression. As such, there is no agreed upon list of all its causes.

The effects of the Great Depression were huge across the world. Not only did it lead to the New Deal in America but  more significantly, it was a direct cause of the rise of extremism in Germany leading to World War II.

1. Stock Market Crash of 1929 - Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that  led to the Great Depression. Two months after the original crash in October, stockholders had lost more than $40  billion dollars. Even though the stock market began to regain some of its losses, by the end of 1930, it just was not  enough and America truly entered what is called the Great Depression.

2. Bank Failures - Throughout the 1930s over 9,000 banks failed. Bank deposits were uninsured and thus as banks  failed people simply lost their savings. Surviving banks, unsure of the economic situation and concerned for their own  survival, stopped being as willing to create new loans. This exacerbated the situation leading to less and less  expenditures.

3. Reduction in Purchasing Across the Board - With the stock market crash and the fears of further economic woes,  individuals from all classes stopped purchasing items. This then led to a reduction in the number of items produced  and thus a reduction in the workforce. As people lost their jobs, they were unable to keep up with paying for items  they had bought through installment plans and their items were repossessed. More and more inventory began to  accumulate. The unemployment rate rose above 25% which meant, of course, even less spending to help alleviate the economic situation.

4. American Economic Policy with Europe - As businesses began failing, the government created the Smoot-Hawley  Tariff in 1930 to help protect American companies. This charged a high tax for imports thereby leading to less trade  between America and foreign countries along with some economic retaliation.

5. Drought Conditions - While not a direct cause of the Great Depression, the drought that occurred in the  Mississippi Valley in 1930 was of such proportions that many could not even pay their taxes or other debts and had to  sell their farms for no profit to themselves. The area was nicknamed "The Dust Bowl." This was the topic of John  Steinbeck's The Grapes of Wrath.

You might be interested in
What is Star Trek Effect?. What is Dynamic Iris Effect?. What Is Gesture Computing?. What Is Personalized Ads?. And How Does It
Leni [432]
Trek Effect:<span>A popular </span>sci-fi media franchise<span> set in the future, primarily focusing on the adventures of the personnel of a space </span>navy<span> of an interstellar political </span>federation<span> of which Earth is a charter member.</span><span>
</span>
8 0
3 years ago
Read 2 more answers
Karen has been having a difficult time remembering the verbs in her new French class because she keeps mixing them
Feliz [49]

Answer:

Explanation:

Im pretty sure its C (:

7 0
3 years ago
Read 2 more answers
Which General Staff member negotiates and monitors contracts, maintains documentation for reimbursement, and oversees timekeepin
Xelga [282]

Answer:

a. Finance/Administration Section Chief

Explanation:

Finance/Administration Section Chief -

A finance or administration section chief in an organisation need to handle the cost , administrative and financial aspect of any incident , is the main work of a Finance/Administration Section Chief .  

The Finance/Administration Section Chief report the about the incident to the Incident Commander.  

Hence , from the given information of the question,  

The correct option is a. Finance/Administration Section Chief .

4 0
3 years ago
Read 2 more answers
It is finals week and Donna has two cumulative exams tomorrow. She has been studying, it seems, nonstop for the past few days an
xenn [34]

Answer: Freudian Slip

Explanation:  Freudian Slip is a mistake in speech, in memory, in a physical performance, hypothetically provoked by the unconscious, that is, through the freudian slip the desire of the unconscious is fulfilled. This explains the fact that no gesture, thought or word happens accidentally. They are different from common error because it is the result of ignorance or convenience.

Freud evidenced that the freudian slip was as a symptom, constitution of compromise between the conscious intention of the person and the repressed.

6 0
3 years ago
How do intermediate sanctions work better, as a way of improving on probation?
Musya8 [376]
Intermediate sanctions give a contrasting option to prison time and probation. Hence, they increment the judge's flexibility in punishing. A few sorts incorporate house capture, fines, checking, community service, and special living groups etc. Intermediate sanctions work better in many ways, like monitoring closely an offender can safeguard the community form an offender as well as can relate to the severity of the punishment of the offender. Another improvement can be the community service if ordered in that capacity.
6 0
3 years ago
Other questions:
  • TRUE OR FALSE? All the states had to ratify the Articles of Confederation before the new government could take effect.
    11·1 answer
  • Ruth belongs to a community where members have a strong feeling of involvement in each other's lives, as well as a strong feelin
    5·2 answers
  • Which of the following developments is not an example of how people have modified their environment?
    11·2 answers
  • What is the definition of Robinson projection?
    8·1 answer
  • In a study of American cities, Professor Smith finds a strong positive correlation between the number of preschools and the numb
    6·1 answer
  • If the distance between two objects is increased, the gravitational force will______.
    11·1 answer
  • Which government type is "for the people, by the people; have voting and the people have personal freedoms?
    13·2 answers
  • The political successes of Maynard Jackson and Andrew Young were proof of
    6·1 answer
  • What is the current state of relations between the Communists and Nationalists in China?
    9·2 answers
  • How long do thanksgiving leftovers last in the refrigerator
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!