The Great Depression

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by TeresaHernandez
Last updated 5 years ago

Social Studies
American History

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The Great Depression

The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the western industrialized world.

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The top causes of the great depression was Stock Market Crash in 1929. Many people that stock market crash that occured on Black Tuesday, October 29,1929 is one and the same with the Great Depression. Two months after the orginal crash on october, stockholders had lost $40 billion dollars. Bank Failuers was another cause throughtout the 1930's for the fact that 9,000 banks failed. Bank deposits were unisured and as banks failed people simply lost all their savings. Reduction in Purchasing Across the Board was a cause as well with the stock market crash and the fears of the further economic woes, individuals from all type of classes stop purchasing items. Many people lost their jobs. American Economic Policy with Europe was another bussiness that began to fall Gov. created the Smoot-Hawley Tariff in

1930, to help protect American companies. Last and not least was Drought Conditions which was not nearly a direct cause to the Great Depression, the drought that occured in the Mississippi valley in 1930 was such of proportions that many could not pay their taxes or other debts and had to sell their farms for no profit.

Stocks Crash


The Great Depression



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