The Great Depression

The dandy low gear What was the great slump? The great slack was a mankindwide economic crisis in the 1930s. It was the longest, most wide gap, and deepest depression of the twentieth century. In the 21st century, the Great low is commonly apply as an example of how far the worlds economy tush decline. The depression originated in the U.S., starting with the fall in phone line prices that began around September 4, 1929 and became worldwide news with the stock merchandise flash of October 29, 1929 known as Black Tuesday. From on that point, it quickly spread to just ab pop out every estate in the world. Some economies started to recover by the mid-1930s. However, in some(prenominal) countries the invalidating effects of the Great Depression lasted until the start of World state of war II. What were the causes of the depression? 1. As in like manner soon as 1926, there were signs that the boom was under threat this was seen in the sever of grease price s in Florida. 2. Eventually, there were too many goods being do and not enough people to purchase them. 3. Farmers had mystifyd too much food in the 1920s, so the prices for their produce became lower. 4. There were too many small banks these banks did not admit enough cash in hand to cope with the sudden rush to care out savings, which happened in the autumn of 1929. 5.

Too much assumption on the stock market the middle class had a lot to ache and they had spent a lot on what amounted to pieces of paper. 6. The Wall highway Crash of October 1929 was a massive mental blow. 7. America had change huge sums of money to E! uropean countries. When the stock market collapsed, they unawares recalled those loans. This had a devastating impact on the European economy. 8. The collapse of European banks caused a general world financial crisis. What were the consequences of the depression? 1. Unemployment - 13 million people were out of work. 2. Industrial performance dropped by 45 per cent amongst 1929 and 1932. 3. House-building...If you want to get a full essay, order it on our website: BestEssayCheap.com

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