What Caused The Great Depression Essay

The great depression was a tragic event that lasted ten long years. It caused farmers to lose their farms and many people to become homeless. Although the great depression was a big part of history, I personally think it could have been prevented. All the wide ranging issues that caused the great depression were actions made by people. Stock speculation and mass selling, government policy decisions and income stratification all played a part in causing the great depression. What caused The Great Depression has been extensivley disscused and remains a matter of an active debate. I have researched and found the biggest and most well known causes of the great depression. The great depression technically started October 24, 1929 when traders
According to the many Articles I’ve read, The Great Depression ended in 1932 when the country elected Franklin D. Rosevelt as president. He promised to create federal government programs. Within one hundered days, he signed the “New Deal” into law. It created fourty two new agencies that were desinged to create jobs, unization and and provide unemployment insurance. Many of the programs I just listed still exsist today. They include social security, the security and exchange commission and the federal deposit insurance corporation. These programs help keep our economy safe and help prevent another depression. Going back to the debate on what ended the great depression, in the nine years between the launch of the new deal and the attack on pearl harbor, FDR incraesed the debt by three billion dollars. In 1942, defense spending added twenty three billion dollars to the debt and in 1943 it added another sixty four billion
Firstly, overproduction. Firstly, factories and farms were producing more goods than people could afford to buy. During this time it was getting easier and easier to produce products like washing machines, dish washers, cars, meat, wheat and other farming products because assembly line productions and stock market prices were high. World war one just ended, People were happy, the stockmarket was at an all time high and buisnesses were doing fantastic. In their mind, there was no reason to worry about what was to come. As a result of this, prices fell, factories were closed and people were let go from their jobs. Farm product prices also fell and farmers could not pay off bank loans and many lost their farms due to