Causes of the US Depression - Causes and effects table in A Level and IB History

Skip to content

Get Revising

Created by: nw26
Created on: 17-03-16 16:46

Causes of the US Depression

Causes

Rising unemployment
Collapse of banks
Production outstripped demand
Agriculture
Tariffs
The role of Hoover

Effects

rose from 1.5 million to over 12 million between 1929 and 1932
20% of banks collapsed from 1929-32
the market could not keep up with the amount of goods being produced
agriculture was overmanned and economically rotten
US policy of raising tariffs was intensified in 1930 and damaged international trade
some argue that Hoover did too little too late whereas some argue he and his government did too much

Overall summary

The Great Depression was caused by a combination of many factors; insufficient demand, depressed agriculture, high tariffs, collapse of banks and the lack of effective government intervention.

Comments

No comments have yet been made