Causes of the Great Depression
Texto del Guión Gráfico
- Overproductions- Industries
- My company is going out of business!
- Overproduction-Farming
- I can't pay my loans back.
- Speculation
- I need to get my money back!
- Factories were mproducing more and more products because of the assembly line, causing a mass production of goods which led to a decline in prices which messed up the economy.
- Buying on margin
- The bank forclosed and I don't have a job now!
- Farmers took out loans and were able to produce a large quantity of crops but when they produced to much they did not make much money and could not pay the loans back.
- Shaky Banking
- OUT OF BUSINESS
- People wanted to get rich from stocks but the stocks were only valuable because people had them, but when they sold them they were worth nothing and they lost their money.
- Restrictions on International trade
- There shall be no more international trade.
- People would get loans from the bank to buy stocks and when they lost money the banks would fail.
- Banks would give out peoples money as loans and the people could not pay them back and the bank would fail.
- I have lost all my money.
- The United States restricted sale between the U.S. and foriegn nations which made us unable to sell our overproduced items.
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