6 causes of great depression

6 causes of great depression

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  • Wall Street Crash
  • Oh no my stocks are basically worthless
  • Black Thursday and Black Tuesday
  • I cant wait to buy stuff thats on sale!
  • Uneven Distribution of Income
  • Why am i so poor
  • He should get a job
  • Stock prices dropped and banks failed on black Monday 
  • Excessive Use of credit
  • Time to use my credit card and slowly crawl into debt to live the American way 
  • So many sales happened that the ticker system that told investors about sales were clogged and overwhelmed as well as telephone lines. Because of the information vacuum there was chaos and stock prices dropped drastically.
  • Overproduction of Consumer goods
  • Oh No! I made too much so now I have to sell it for cheaper becuase of the abundance!
  • It is estimated that the top 0.1% made what the bottom 41% of the population collectively made
  • Weak Farm Economy
  • The government doesn't want my crops so I'm overproducing and now i have to foreclose my farm and euthanize bessy
  • People excessively used bought goods they couldn't afford to be able to live the amerucan way
  • Facotorieds were producing more goods than the public could buy and then prices dropped and workers had to be laid off
  • Prices for farmers dropped as well becuase of the lack of the goverment buying their crops from the war, therefore the farmers could not pay loans so many had to foreclose their farms.
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