great depression causes
Storyboard Text
- Overproduction - industry
- Overproduction - farming
- AT LEAST I CAN FEED MY FAMILY....
- Speculation
- JOHN SAID RICHARD&SON WAS UP 20% I SHOULD BUY TODAY !!
- Factories were booming with products in the 1929. Too much to in fact, too much product flooded the markets, and with no consumers to buy, many factories went out of business.
- Buying on margin
- I could buy a replacement tractor on leeway, Stephan said it was only 2 dollars downpayment
- Surprisingly, overproduction of crops and farm good was a big problem as well. Everyone was poor and here was too much volume to consume.
- Shaky banking
- Speculation was a big cause of the great depression as well, many people talked about potential increases in the stock market and with those little words everyone bought, bought, and bought some more. Causing a false increase in the market.
- Restrictions on international trade
- With the economy being down, many people didn't have enough money to pay full cash on big ticket items, so buying on margin became a big thing. This caused the economy to go farther into decay.
- Many people but all their savings into the bank, but banks without secure funds took that money to use it and when people panicked and started to pull out all their savings, there was nothing to pull out.
- CLOSED
- International imports became more and more pricy to "try" and increase national buying, so in rebuttal other countries started adding tariffs on their goods. Causing international prices to be at an all time high.
- TEA NOW 23% MORE
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