U.S. History Study Notes - The Great Depression

What were the causes of the ample Depression?



-in the beginning of the 1920?s the thriftiness had already started to change- at that place was a shift towards a new consumer-oriented economy-people began to purchase more(prenominal) and more goods and services-when the stock market fell, there was a sudden collapse of purchasing power caused by mass oeuvre and a loss of savings-stock market crash ? crash of effrontery (rush to get money out of banks ? banks didn?t have it, created a catastrophic panic)-the financial system had some problems-banks were virtually open from effective regulation-people were non able to pay their loans-the investment exertion was free from regulation and given to misrepresentation, manipulation of stock prices, and foul inside deals-poor policies enacted by the administration also had a character reference in causing the Great Depression-the Republican administrations of the 1920?s were rivet on reducing the interference of the government in the economy and lowering the taxes on the wealthy-misdistribution of income ? small percentage of the population overbearing most of the wealth (majority cannot afford products that are there)-overproduction/underconsumption-company did not maintenance any reports ? people who were investing in companies had no root of the economic health of that company-depressed sectors in the economy ? looked like there was a lot of prosperity of US, however certain sectors were not doing well agriculture was suffering economically (no one cute to grapple with these problems)-?dust bowl? ? drought-construction industry and textiles industry suffer-the Great Depression was magnified by the aftermath of World state of war I-Britain, France, and other allies had borrowed large amounts of money from the United States to weigh the war-global economic crisis ? money goes from U.S. to Germany and Germany pays the Allies and then the money goes abide to the U.S.

-the U.S. economy falls ? U.S. money to Germany ends...

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