Causes of The Great Depression

Plus de détails

Overview of Macroeconomics

par JESUS VASQUEZ

Late 2000s Financial Crisis

par Mindomo Team

The role of government in International Business

par Mostafa ElBaradie

National Policy Tinisha

par Tinisha August

Crops were lost repetitively

Unemployment was above 25%

World Trade fell by Two Thirds

Countries taxed more on U.S made goods.

Southeast Colorado to Texas panhandle

Took Decades for regions to recover

No FDIC to back the banks money was just lost.

Causes of The Great Depression

Reduction in Purchasing

Workers laid off

Stock Market Crash of 1929

Black Tuesday

Stocks Plummeted

Bank Failure

Everyone tried to withdraw all their money at once, not enough money in banks.

Banks were forced to shut down because they were broke

Americas Economic Policy With Europe

Charged more to import goods

Drought

The Dust Bowl