Causes of great depression
Storyboard Text
- Overproduction in factories
- Overproduction- Farming
- Speculation
- Factories were producing more then ever and could barely sale anything
- Buying on Margin
- Heavily subsidized surpluses depress international market prices of commodities and thus create severe problems for developing countries whose economies are based on agriculture. ... They also tend to reduce the incentives for domestic food production.
- Shaky Banking
- The main cause of the Wall Street crash of 1929 was the long period of speculation that preceded it, during which millions of people invested their savings or borrowed money to buy stocks, pushing prices to unsustainable levels.
- Restrictions on International Trade
- Buying on margin helped bring about the Great Depression because it helped to cause Black Tuesday when the stock market crashed.
- What was shaky banking during the Great Depression? Image result for Shaky Banking Another phenomenon that compounded the nation's economic woes during the Great Depression was a wave of banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure
- These are restrictions whose purpose is to control or limit the flow of imports and usually the tool used is the obligation of prior import licenses. They are fiscal restrictions, which aim at taxing certain products, according to the interests of the country
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