5 Causes of the Great Depression

Updated: 1/7/2021
5 Causes of the Great Depression

Storyboard Text

  • Stock Market Crash: Black Tuesday October 29, 1929
  • We lost everything
  • Closed
  • Stock Market Crashed!
  • Bank Failures: Bank deposits were uninsured; banks failed; people lost their savings
  • Not Insured
  • Bank
  • For sale
  • 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