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The Global Great Depression Of The 1920's

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The Global Great Depression Of The 1920's
The global Great Depression rocked the world in the late 1920s. It was caused by several factors around the world. One factor is, agriculture prices dropped, causing farmers to become poorer. Also, Wall Street crashed, an event known as Black Thursday. A third factor is countries raised tariffs. These were the main factors that caused the global Great Depression.

During the 1920’s, farms were the source for food. But, after World War I, prices of farmed products plummeted worldwide. Farmers could not make enough profit. This lead to the rise of poverty in rural areas.

Black Thursday occurred on October 24, 1929. It was a day where $9 billion of stocks were lost by noon. The market fell even more on the following Tuesday. Over a course of
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