Causes of the Great Depressin
Storyboard Text
- Invention of the Stock Market
- You should invest get money
- I can get money too.
- Agricultural Struggle
- I need to sell all this food!
- Cheap Food
- We need more money
- Low Demand, High Unemployment
- I am going to need to lower your pay check.
- Im quiting!
- The stock market was a good thing to invest in to get money.
- Stock Market Crashed
- Stock Market going down.
- Farmers overproduced foods which made prices go down. Since the prices went down farming declined and made farmers in debt.
- President Was Bad
- Too late!
- Here is new transportation.
- Why did the imports fall by 40%?
- Companies lost money so they had to lower the workers pay check which made workers quit.
- Tariff
- The stock market crashed which made people poor because when they wanted to sell it but no one wanted to buy stocks since it was going down.
- President Hoover tried to help the economic crisis by building public work projects, but it was to late.
- The Tariff Act of 1930 raised about 20% tariffs on foreign products. This made other countries to put tariffs on US products. US imports fell by 40%.
- Because we put tariffs on other countries products.
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