causes of great depression
Storyboard Text
- Overproduction- Industry
- im so tired we have been working for hours
- Overproduction- Farming
- how will i feed my family
- wow , so you telling me that if i buy a hammer its worth a lot later .
- Speculation
- did you guys get the news that if you buy a hammer its worth so much later .
- wow i need to tell my friends bout this
- wow i should go get a hammer
- over production in both factories and agriculture causes the price of goods to decline
- Buying on Margin
- to many crops result in prices decline .as a result farmers canot repay their debt and lose there farms .
- Shaky Banking
- i got so much dept can i still loan money from the bank
- people were speculating about the value of stock and rushing to buy more and get rich
- Restrictions on International Trade
- banks were making bad investments and companies were going out of business
- yes ,thats what we are doing
- there is no way i will be able to pay the bank back
- foreign
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