Preview

The Possible Causes Of The Great Depression

Satisfactory Essays
Open Document
Open Document
350 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Possible Causes Of The Great Depression
Several things caused the Great Depression. The Great Depression was a rough time in American history that started in 1929, when the stock market crashed, and it ended in 1939. During the Great Depression, around 6,000 vendors roamed the streets, in their effort to sell apples for $0.05.
The crash of the stock market is one factor of the Great Depression. On a day known as "Black Thursday", around 13 million shares were traded. Five days later, over 16 million shares were traded, which caused millions of shares to end up worthless. Because the stock market crashed, factories and other businesses had to slow down production, and fire many of their workers.
The stock market crash isn't the only thing that caused the Great Depression. Another
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    No Promises in the Wind/Great Depression Research Paper
    • 2193 Words
    • 6 Pages

    No Promises in the Wind/Great Depression Research Paper

    The Great Depression had many causes that built up to make it as big as it was. During World War I the U.S. had loaned supplies and money to their European Allies; not having these supplies or money caused the countries to go into debt making the depression go worldwide. The U.S. had a weak economy. There was an inability of the political and financial institutions to cope with the downward spiral that had started in the late twenties. Even after political intervention fifteen percent of the work force were unemployed. The biggest cause of the Great Depression was the 1929 Stock Market Crash. On October 29, 1929 stock market prices dropped dramatically and continued to drop for the next three years. “Stock prices in the United States continued to fall, until by late 1932 they had dropped to 20% of there value in 1929”(Britanica 1).…

    • 2193 Words
    • 6 Pages
    Better Essays
    Read More
  • Good Essays

    What Was Hoover's Response To The Great Depression
    • 657 Words
    • 3 Pages

    What Was Hoover's Response To The Great Depression

    Short Answer Response #1 The Great Depression was the most horrific economic depression ever in US history and lasted from 1929-1939. Many leading factors led to the Great Depression. The primary cause was when the stock market crashed in 1929. Known as “Black Tuesday,” the market lost 12% of its value and over $14 billion of investments.…

    • 657 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Causes Of The Great Depression Dbq
    • 319 Words
    • 2 Pages

    Causes Of The Great Depression Dbq

    During the Great Depression, the Stock Market crashed.This caused an economic slump in North America and Europe, which quickly spread to a world wide depression. The government obviously had to respond. The crash caused hardships with the public. There was poverty and hunger and many complications.…

    • 319 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Great Depression Dbq
    • 1188 Words
    • 5 Pages

    Great Depression Dbq

    The Great Depression was a very struggling time for Americans. Some believe the Stock Market crash caused the Great Depression but according to Bowles, “in reality, it was not the sole cause,” (2011). As there were more causes for the Great Depression, three of them were:…

    • 1188 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    How Did The Great Depression Affect America
    • 533 Words
    • 3 Pages

    How Did The Great Depression Affect America

    The starting point of the Great Depression is usually listed as 1929 which is commonly called Black Tuesday. Black Tuesday has been just one of the major causes of the Great Depression. This was the same day that the stock market dropped dramatically and had an enormous effect on American lives. Fifteen billion dollars in stock value were lost and many had to sell their cars, jewelry, and homes to pay their debt many of which who lost it all. In October the stock market had previously crashed and many companies lost…

    • 533 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    What Are The Causes Of The Great Depression Dbq
    • 759 Words
    • 4 Pages

    What Are The Causes Of The Great Depression Dbq

    The Great Depression was one of the biggest turning points in American history. Not only did it change the spending habits of U.S. citizens, but it changed how the government controlled the economy. New laws and acts were put into place that helped prevent something like the Great Depression from ever happening again.…

    • 759 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Fdr: Capitalism and United States
    • 425 Words
    • 2 Pages

    Fdr: Capitalism and United States

    The Great Depression caused both a decline in national moral and economic productivity unprecedented in United States history. The previously prestigious capitalistic economy was brought to its knees on Black Thursday in October of 1929.…

    • 425 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Cause And Effect Essay: Causes Of The Great Depression
    • 420 Words
    • 2 Pages

    Cause And Effect Essay: Causes Of The Great Depression

    One of the first causes of the Great Depression was the stock market crash. It began on October 24, 1929, also known as Black Tuesday , and was the most devastating stock market crash in the history of the United States. The stock market crash lead to the deflation of the United States money and the decline in the economy. Many Americans used the stock market as a way to make easy money. Investing in companies thinking they could over turn a quick profit with little work. Little did they know what would happen of a day…

    • 420 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    What Caused the Great Depression?
    • 379 Words
    • 2 Pages

    What Caused the Great Depression?

    The stock market crash, bank failures, and the buying of consumer goods on installment or margin, are just a few of the many causes of The Great Depression. During this time period the United States suffered greatly because of the depression. Many people were also not able to work or afford the things they used to be able to.…

    • 379 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    The Great Depression In The 1920's
    • 558 Words
    • 3 Pages

    The Great Depression In The 1920's

    Many factors caused The Great Depression. During the 1920’s America’s economy was in full swing and it was extremely unusual to not have some money invested in the stock market because people could become millionaires effectively over night. This was actually a blessing and a curse , because there was no physical money to back up what people had in their bank accounts, it was all basically credit. The federal reserve had no money to back up the economy. It was inevitable for the stock market to crash because of the sharp imbalance between supply and demand. Durable goods such as vacuums and cars obviously didn’t get all their uses out in one month. They last for decades…

    • 558 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    cause of the great depression
    • 330 Words
    • 1 Page

    cause of the great depression

    The great depression was caused by many factors one was speculating (installment payments. people were buying and buying until they had no more money, production slowed down when people weren’t able to buy any more. Then people started buying on installment payments, not knowing that they would end up paying more than if they just bought it normally (doc 5).they didn’t have enough money to finish paying their debt. “With debt no longer regarded as shameful people started buying on installment (doc6)”.everyone bought things on installment with a rate faster than their income was coming , this eventually lead to production cuts that lead to layoffs then less people have money to buy things .…

    • 330 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    The Causes Of The Great Depression
    • 120 Words
    • 1 Page

    The Causes Of The Great Depression

    The Great Depression was the toughest and the longest economic recession in the industrialized world, in most of the countries it started in 1929 and lasted till 1939. The Great Depression was the result of many causes; some of these causes are the crash of the stock market, and banks were not able to lend money because huge numbers of people were withdrawing their money. This withdrawal also caused the banks to fail. Another reason is that people were afraid of buying products and services after the stock market crash which lead to a huge decrease in the demand of products and services, this decrease in demands and the unwillingness to spend money made the level of unemployment increase sharply.…

    • 120 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Three Causes Of The Great Depression
    • 585 Words
    • 3 Pages

    Three Causes Of The Great Depression

    In the late 1920's and early 1930's the Great Depression arose and effected about 99% of American citizens were endorsed into extreme poverty from purchasing stocks with no experience and letting the stock market fall upon them. Most Americans were forced to sell all of their possessions and led them into extreme poverty. The three causes of the Great Depression are Banks, Overproduction .vs. Under-consumption and Bad Buying.…

    • 585 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Reconstruction Vs Progressive Era
    • 605 Words
    • 3 Pages

    Reconstruction Vs Progressive Era

    The great depression was caused when the stock market crashed. The beginning of the Great Depression was on Oct. 29, 1929 that day is now known as Black Tuesday. Sellers were panicking because there was no buyers. Share prices deflated and margin loans came due. Another reason for the Great Depression was because of terrible banking systems there were banks that ran independent and unregulated. When the stock market crashed many banks failed to stay open about 11,000 banks were closed.…

    • 605 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Life During The Great Depression
    • 1991 Words
    • 8 Pages

    Life During The Great Depression

    Many factors led up to the Great Depression. Among these are: buying on margin, buying on credit, supply and demand, the stock market crash, and drought. With the popularity of the stock market in the 1920s, people would buy stocks on margin, which meant that…

    • 1991 Words
    • 8 Pages
    Powerful Essays
    Read More