the great depression
- Created by: JoeJarvis4
- Created on: 03-11-13 19:40
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- The great depression.
- causes of the great depression?
- speculation
- money was loaned by the banks (banks went bust)
- prices fell so there was a rush to sell shares the stock markets fell.
- trade
- products form Europe (tariffs) where raised
- war loans
- over production
- companies made more goods than they could sell
- poverty
- farmers (crops died)
- speculation
- consequences of the great depression
- banks
- banks invest there money
- banks "failed"
- they kept the money
- no mortgages
- banks invest there money
- government
- refused to admit that there was a problem
- "recovery is just around the corner"
- the president did nothing
- Americans
- farming
- over farming
- many became homeless because there was no mortgagees
- soup kitchens
- towns were dirty
- there was a drought ("dust bowl")
- farming
- banks
- causes of the great depression?
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