The Great Depression
Causes
- Overproduction of crops (Agricultural Recession)
- Stock market crash
- International debt to European countries
- Weak European economy
- Increasing taxes on imports and exports (tariffs)
- Stock market crash
- International debt to European countries
- Weak European economy
- Increasing taxes on imports and exports (tariffs)
Results
- Massive unemployment numbers
- Bank system fails and all banks close
- Government makes changes
- More tariffs
- Bank system fails and all banks close
- Government makes changes
- More tariffs
Summary
The Great Depression of the 1930's in America was extremely devastating, due to the lack of money from the stock market crash which resulted in high unemployment rates, tariffs, and the closure of banks and most businesses.