Causes of the Great Depression

By: Braxton, Kayla, Joyce, and Artour.

1929-1940 🙏🔑

The U.S government's debt rose as American citizens did not have enough money to pay their taxes. During the 1920’s people began to buy new consumer goods and bought so much goods using credit/installments that by the start of The Great Depression people were not able to pay back the goods that they purchased because they lost their jobs or lost money on the stock market. Banks began to close as people could not pay back their debts, many people tried to withdraw money that eventually led to bank runs. Billions of dollars were lost due to bank failures.

Stock market crash 📉

There are many causes of the Great Depression one being the arguments between economists. (Economist) An expert who studies the relationship between a society's resources and its production. The Great Depression began by the stock market crash in 1929, $14 billion dollars was lost in one day of trading. $40 billion dollars was lost months later. Causes of failure: Loss of money from Black Tuesday, Massive withdrawal of funds by customers, customers defaulting on loans, and poor investment practices.

Guaranteed to be depressing

If you have questions don't ask them :).

The dust bowl

    The Dust Bowl (dirty thirties) was a period of severe dust storms that caused havoc and great damage to the ecology and agriculture of the US and Canadian prairies during the 1930s; severe drought and a failure to apply dryland farming methods to prevent wind erosion drove many families away from the once fertile farming lands. Many families effect by the dust bowl who were financially stable became indebted from crop loses and purchases of farm equipment that they were not able to pay back, many farming family's eventually left for bigger cities to find work after there farms and homes had been foreclosed on.