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
jenyasd209 [6]
2 years ago
14

Below are the five causes of the Great Depression, describe how these causes contributed to the largest economic decline of the

20th Century.
1: The Stock Market Crash (673):


2: Crisis in the Farm Sector (674):


3: Falling Purchasing Power and Rising Unemployment (674):


4: Banking Crisis (675):


5: International Economics (676):
History
1 answer:
zysi [14]2 years ago
3 0

Answer: The answers are:

1- It accelerated the global economic collapse of which it was also a part of.

2- The agricultural sector of the economy was struggling due to drought and falling food prices.

3-Americans forced to buy on credit and wages falling were the main reason.

4-  Americans feared that banks would soon fail, immediately began to withdraw funds from their accounts, causing thousands of banks to close.

5-Gold standard, which was a common point for nearly all the countries of the world in a network of fixed currency exchange rates, played a key role in transmitting the American downturn to other countries.

Explanation:

1-On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors.  Many american companies spiraled downward into the Great Depression (1929-39).

2-During World War I, farmers worked hard to produce record crops and livestock.  In the early 1930s prices dropped so low that many farmers went bankrupt and lost their farms.  As an example of this some farm families began burning corn rather than coal in their stoves because corn was cheaper.

3-Many Americans forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily. Those who were lucky enough to remain employed, wages fell and buying power decreased.

In 1929, consumer spending begun declining.

4-. Prior to the crash, banks participated in the practice of speculation buying, in which they often used investors`. Investors could not repay what they borrowed, and banks could not repay the investors from whom they had borrowed.

5-Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world.

You might be interested in
What success did the allies have with their island hopping strategy?
kari74 [83]
<span>The U.S. effectively cut the bypassed islands off from supplies and reinforcements and rendered those islands that were useless to Japan</span>
5 0
3 years ago
Why did hitler pass the nuremberg laws
patriot [66]
The nuremberg laws excluded german jews from reich citizenship and prohibit hem them from marrying it having sexual relation with persons of “German relate blood”. In reference to passing this law, hitler was able to “outline new laws for the protection of german blood”
5 0
2 years ago
What was the downfall of mesopotamia
GREYUIT [131]

Answer:

Scientists believe that Mashkan-shapir's collapse was caused in part by destruction of the fields by mineral salts. When mineral salts concentrate in the upper levels of the soil, it becomes poisonous for plants. In Mesopotamia, irrigation was essential for crop production.\

3 0
3 years ago
Which of the following describes a major similarity between point of view and a bias?
zavuch27 [327]
Your answer would be c 
5 0
3 years ago
Which part of the treaty of versailles did president wilson oppose because he believed it might lead to future armed conflicts?
DerKrebs [107]
It would be "d. the proposal that Germany assume complete responsibility for the war" that Wilson opposed because he believed it might lead to future armed conflicts, since he thought this would make the Germans resentful, which was correct. 
8 0
2 years ago
Other questions:
  • Why is government necessary in our daily lives?
    13·1 answer
  • Which u.s. naval leader commanded amphibious assaults on italy and southern france?
    15·1 answer
  • Which of the following articles from the confederation could be used to effectively argue in favor of judicial reviews
    10·1 answer
  • _____ class is a person's rank in society. Cultural Economic Social
    10·2 answers
  • Which characteristics does a civilization have
    5·2 answers
  • some americans thought that the united states could have won in vietnam _____. if the north vietnamese would have fought harder
    10·2 answers
  • Do anybody know the answer ​
    6·2 answers
  • How did Indus River Valley civilizations respond to flooding in their area?
    6·1 answer
  • What is the main idea of the movie Selma
    8·1 answer
  • How would you describe Martin Luther King Jr. as a student? Were you surprised by this? Why or why not?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!