The Causes of the Great Depression

The Causes of the Great Depression

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  • President Hoover Getting Elected
  • The Banks Closing
  • People losing their jobs
  • When Hoover got elected as president the stock market would crash and he would not help the people of America
  • The Hovervilles
  • There was so many people trying to go to the bank that they couldn't handle it and closed
  • the Gold Standard
  • The people who lived during this time would lose their jobs and would not be able to provide for their family
  • The Drought
  • When people lost their homes they were put into these small towns made out of whatever they could find
  • The gold standard allowed people to Hoard gold and become rich when they shouldn't be.
  • The drought made it to where farmers could not grow their crops for money.
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