Causes of the Great Depression
Storyboard Text
- Overproduction- Industry
- o no wat r we gonna do we produced 2 many shawties
- Overproduction- Farming
- oh no how am i gonna pay for my machine im broke and too much corn ima make corn syrup
- Speculation
- stocks
- Industry overproducing products caused prices to go down due to supply and demand. There was too much supply and not enough demand.
- Buying on Margin
- boy let me borrow some break
- Farmers had too many crops because of growing during the war now they're in debt because the war is over
- Shaky Banking
- People were buying a lot of stocks which caused stocks to inflate more than they were valued at
- Restrictions on International Trade
- we dont care about that made in china stuff lets tax em for it murica baby
- People didn't have money so they took loans and bought more stocks with it because they were already in debt.
- nah g unless u give me 10% extra when u give it back
- Everyone rushed to banks and made bad investments which led to banks running out of money and shutting down because they had no bank regulations
- where my money at give me ur manager or ima come behind this counter and give you these hands
- The U.S set protective tariffs to get consumers to buy American made products to stabilize the economy but that didn't help other countries did them back and American products weren't selling overseas
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