ssionMajor causes of the Great Depression- 1929-1939 There is no single cause or obvious set of factors that can explain why the great depression of 1929-1939 occurred. Historians‚ economists and political scientists have come up with various explanations that place different emphasis on different factors and events. One thing seems clear‚ however‚ that the depression was the result of the interaction of a complex set of factors‚ some economical‚ some political and some social. This report will
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How did the depression in Germany (1929-1933) affect different social groups? The great depression‚ a huge economic slump caused by a crash in the American stock market‚ had a global effect on a large number of countries‚ especially those who manufactured food and raw materials.1 Germany was in a particularly bad place financially after world war one and had been borrowing a large amount of capitol from the US to repay their allies and when the stock market crashed they were unable to continue
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The Great Depression of 1929 was mostly due to international factors rather than domestic factors. However‚ when over viewing the prime causes of the Great Depression one must distinguish five- the conclusion of World War I‚ the decline of international trade due to high tariffs‚ monetary policies (in particular the gold standard)‚ the slowing of the American economy in 1929‚ and the stock market crash. Clarence L. Barber in his Origins of the Great Depression emphasizes international factors and
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major wounds in the American economy‚ were both cause by Wall Street. One in 1929 named the great depression‚ it did not end until World War II started. The second economic tragedy was the recession of 2008 and shortly ended in 2009. Individually of these caused great devastation towards the American people which lead them to be homeless‚ hungry‚ and sometimes led to suicide. To begin with‚ the Great Depression was an economic devastation in the U.S. In 1929‚ the stock market crashed‚ creating millions
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in which Canada experienced an economic boom? Of course we’ll have trouble remembering because this period was followed shortly afterwards by one of the worst depressions in Canada’s history. This period is referred to by many as the “Roaring Twenties”. This “Golden Age” of Canada was followed by the Great Depression. How could a depression that lasted for ten years occur after a period of economic prosperity? A major reason is because the economic conditions and lifestyles of Canadians during the
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The years of 1929 to 1939 while The Great Depression was taking place marked some of the worst periods of poverty‚ stock market crash‚ and hardship. The west experienced one of the most intense and longest lasting battles to ever be fought. It began in the United States‚ but it spreaded quickly to countries throughout the world. In the United States‚ banks collapsed‚ businesses started going downhill‚ and millions of people lost their jobs. The result was a major level of poverty‚ hunger‚ and homelessness
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Causes of Economic Depression The Great Depression was caused by three main things: The Stock Market Crash of 1929‚ Bank failures‚ and American economic policy with Europe. During the 1920s the economy was very strong. It rose at a constant rate that it was almost unlikely to fall. The constant growth of the economy made it very popular. It became the word on the street and people found it as a way to get rich very easily. Many people wanted to buy stocks but did not have money to‚ so‚ they
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Causes of the Great Depression Introduction The young man shivered as the wind ripped through the large wooden crate‚ his temporary home as he searched for work in Toledo. Three months ago he defaulted on his mortgage loan and the bank seized his farm in Indiana. As his wife and kids lived with his in-laws‚ he ventured to the city in hopes of a job. He wondered how his fortune and that of his country could change so drastically. The Great Depression was a worldwide
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collapse was not as sharp as that in the United States‚ but was the second sharpest collapse in the world. Canada did have some advantages over other countries‚ especially its extremely stable banking system that had no failures during the entire depression‚ compared to over 9‚000 small banks that collapsed in the United States. Canada was hurt badly because of its reliance and other commodities‚ whose prices fell by over 50%‚ and because of the importance of international trade. In the 1920s about
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The Great American Depression Throughout the 1920 ’s‚ new industries and new methods of production led to prosperity in America. America was able to use its great supply of raw materials to produce steal‚ chemicals‚ glass and machinery that became the foundation of an enormous boom in consumer goods (Samuelson‚ 2.) Many US citizens invested on the stock market‚ speculating to make a quick profit. This great prosperity ended in the October of 1929. People began to fear that the boom was going to
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