Causes of Great Depression

Causes of Great Depression

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  • The Wall Street Crash
  • Honey! Let's invest all our money we'll be sure to double it in no time!
  • Uneven Distribution of Wealth
  • Mr. Jones please give me my job back! I need to feed my family!
  • Man being rich is nice, I'm living life!
  • Excessive Use Of Credit
  • I love this rising economy!
  • Heres my credit!
  • Millions of people invested in the Boom Market of 1928 but quickly lost all their money after the market crashed in October 2019. 
  • Overproduction of Consumer Goods
  • Chop Chop! We need more more and more goods!
  • Top 5% of the wealthiest Americans received 33% of all income
  • Weak Farm Economy
  • Another bad harvest! I should've listened to Pa and not over-grow my crops!
  • Low-interest rates and a belief that the economy was due for a boom led to increased borrowing and indebtment
  • Global Economic Problems
  • Business growth, aided by increased productivity and use of credit, had produced a volume of good that buyers with stagnant wages could not continue to purchase
  • But, Boss... Who can afford all this?
  • The prosperity of the 1920s never reached the farmers, who suffered from over-production, high-debt, and low prices
  • U.S insistence on loan repayment in full and high-tariffs policies weakened Europe and contributed to worldwide de
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