5 Causes of the Great Depression
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Stock Market Crash: Black Tuesday October 29, 1929
We lost everything
Stock Market Crashed!
Bank Failures: Bank deposits were uninsured; banks failed; people lost their savings
Drought conditions- Dust Bowl; farmers lost their crops and livestock
American Economic Policy with Europe: Smoot-Hawley Tariff- protect businesses; higher tax for imports-less trade
Smoot-Hawley TariffHigh Tax for Imports
Reduction in purchasing: people are not buying, stores stopped making products; people lost their jobs
I can't find work. I can't pay for things
I just lost my job