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
Scilla [17]
3 years ago
7

What are five causes of the Great Depression, identify these causes and how they contributed to the largest economic decline of

the 20th Century. Responses should be 1 to 5 sentences, some responses will be shorter than others. Full sentences are encouraged, bullet points are acceptable.
History
2 answers:
Irina18 [472]3 years ago
8 0

The stock market went downhill that resulted to bankruptcy

People were fired because the companies didn´t make enough profit to distribute it to workers

People lost their homes so they had to be homeless or go to a homeless shelter.

vovangra [49]3 years ago
5 0

The first cause of the Great Depression was the Stock Market Crash of 1929. $14,000,000,000 of investments were lost, and two months later, that had increased to $40,000,000,000. The market lost 12% of its value on "Black Tuesday".

After the Stock Market Crash, 700 banks began failing in the late months of 1929. This eventually lead up to upwards of 3,000 banks completely crashing in 1930.

There was also a reduction in purchasing across the board. Most investments were worthless now. People's savings were diminished or gone altogether. Nobody could buy much. The unemployment gradually increased to soon be above 25%. Inventory was accumulating, and nobody could stop it at the time.

The government had to do something at this point, so they passed the Tariff Act of 1930. A tariff is a tax placed on something. The act raised this tariff in trade, and world trade fell by about 2/3.

The last cause was the environmental destruction. A drought had come along due to nobody bothering to use soil-preservation strategies. This prevented farmers from making money, therefore furthering the Great Depression that much more.

You might be interested in
What was one affect of the conflicts between native americans and white settlers?
Murljashka [212]
Settlers thought they were devils because of their culture.
8 0
3 years ago
Which statement best describes proprietorship in the middle colonies?
Step2247 [10]
The proprietorship in the middle colonies was formed or created when the king or a king gives a land to a person but on an agreement that they will share whatever profits the person may gain from the King's land. 
5 0
3 years ago
What are the names of the 2 Classical India empires?
oksano4ka [1.4K]
C. Gupta and Muarya
8 0
3 years ago
The leipzig laboratory set up in germany in 1879 aimed at studying:
babymother [125]
Willhelm Wundt, the founder of the Leipzig Laboratory at Leipzig University, made his laboratory for the general study of PSYCHOLOGY.
6 0
3 years ago
Who intended to write an epic poem 12 books long
ArbitrLikvidat [17]

Answer:

answer is Edmund Spenser I hope it will help you please follow me

5 0
3 years ago
Other questions:
  • During the Obama administration, Hilary Clinton served as?
    15·2 answers
  • Which of the following was an effect of farming on the development of early river valley civilizations
    6·2 answers
  • Check my answers? In France, how did Socialists attempt to fight the effects of the Great Depression? (I believe it's either the
    12·2 answers
  • Which answer best supports the statement “Andrew young played a very important role in Gerorgia politics
    13·1 answer
  • What was one advantage that the union had over the confederacy?
    7·1 answer
  • How had the Civil War affected life in Louisiana by the end of the conflict? Check all that apply.
    6·1 answer
  • The Abbasids initially established their capital at: *
    11·1 answer
  • What are some similarities and/or differences between the Disabilities Rights Movement with the Civil Rights Movement and Women’
    8·2 answers
  • Who were the black elite of the early nineteenth century? How did they contribute to the
    6·1 answer
  • 30. You would like to see the government
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!