The Great Depression

The commodious low gear What was the great stamp? The great slump was a mankindwide economic crisis in the 1930s. It was the longest, most wide overspread, 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 cigarette decline. The depression originated in the U.S., starting with the fall in ingest prices that began around September 4, 1929 and became worldwide news with the armoury merchandise flash of October 29, 1929 known as Black Tuesday. From there, it quickly spread to just ab pop out every area in the world. Some economies started to recover by the mid-1930s. However, in some(prenominal) countries the cast out effects of the Great Depression lasted until the start of World fight II. What were the causes of the depression? 1. As in any case soon as 1926, there were signs that the boom was under threat this was seen in the die of come prices in Florida. 2. Eventually, there were too many goods being do and not enough people to purchase them. 3. Farmers had mystifyd too such(prenominal) 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 funds 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 flake out and they had spent a lot on what amounted to pieces of paper. 6. The Wall bridle-path Crash of October 1929 was a massive mental blow. 7. America had modify huge sums of money to European countries. When the stock market collapsed, they of a sudden 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 dro! pped 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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