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Causes of Great Depression

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Causes of Great Depression
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  • Overproduction- Industry
  • "Why have I been laid off!!/?
  • .
  • .
  • "Because the price's of our goods are declining." Meaning I don't have money to pay you, I'm sorry."
  • Overproduction- Farming
  • "No!!" I can't repay my debts, meaning I'll lose my farm."
  • Speculation
  • " I WANT MY MONEY!!."
  • "...uhh the stock markets arent' doing so well
  • " I want my money to become rich!"
  • During the Great Depression, overproduction of goods caused the prices to decline in value. Meaning a lot of people were being fired
  • Buying on Margin
  • "Can we get some money?!!"
  • One negative impact of the Great Depression was, famers, were unable to repay their debts. Meaning they would lose their land and farms.
  • Shaky Banking
  • "I'm sorry but we don't have your money, first come...first served."
  • Many people were speculating the value of stocks, causing them to rush to the bank.
  • Restrictions on International Trade
  • People were borrowing money from the bank, to purchase stock. This wasn't a good idea because it caused the stock market to crash!
  • Banks were making poor investments, as a result when people came to the bank too withdraw money. The banker didn't have any money to give, meaning a lot of people lost their money.
  • "WHAT!!!"
  • Because of the Great Depression, foreign countries didn't want to pay expensive tariffs, meaning there aren't any international buyers for over speculation.
  • "We will NOT buy ANYTHING from you...."
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