Question

Describe four causes of the Great Depression. Then explain how the Great Depression impacted Oklahoma.

Answer 1

Answer:

Four causes of the Great Depression and how the Great Depression impacted Oklahoma are discussed below.

Explanation:

The four causes of the Great Depression are such as

• Unequal distribution of wealth.
• Overproduction in Industry and Agriculture.
• The stock market crashed and Financial Panic.
• High Tariff and war debts.

During the Great depression Oklahoma was drastically affected by the Dust Bowl this state has seen the large Migration of Oklahomans to the Western states.

Answer 2

The Great Depression was a result of surplus product and surplus capital. The peak of financial boom of the economy resulted in a sudden drop. The unmanaged financial obligations on loans,  investments, and products that were no longer in demand created massive unemployment and crash of businesses. 

This made an impact on Oklahoma when it experienced drought during this time. Japan was still agricultural based economy more than half of its population were unemployed.