What were the causes and effects of the Great Depression?

Answers

Answer 1

Answer:

5 Causes of The Great Depression

It was not just one factor, but  instead a combination of domestic and worldwide conditions that led to the Great Depression. As such, there is no agreed upon list of all its causes.

The effects of the Great Depression were huge across the world. Not only did it lead to the New Deal in America but  more significantly, it was a direct cause of the rise of extremism in Germany leading to World War II.

1. Stock Market Crash of 1929 - Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that  led to the Great Depression. Two months after the original crash in October, stockholders had lost more than $40  billion dollars. Even though the stock market began to regain some of its losses, by the end of 1930, it just was not  enough and America truly entered what is called the Great Depression.

2. Bank Failures - Throughout the 1930s over 9,000 banks failed. Bank deposits were uninsured and thus as banks  failed people simply lost their savings. Surviving banks, unsure of the economic situation and concerned for their own  survival, stopped being as willing to create new loans. This exacerbated the situation leading to less and less  expenditures.

3. Reduction in Purchasing Across the Board - With the stock market crash and the fears of further economic woes,  individuals from all classes stopped purchasing items. This then led to a reduction in the number of items produced  and thus a reduction in the workforce. As people lost their jobs, they were unable to keep up with paying for items  they had bought through installment plans and their items were repossessed. More and more inventory began to  accumulate. The unemployment rate rose above 25% which meant, of course, even less spending to help alleviate the economic situation.

4. American Economic Policy with Europe - As businesses began failing, the government created the Smoot-Hawley  Tariff in 1930 to help protect American companies. This charged a high tax for imports thereby leading to less trade  between America and foreign countries along with some economic retaliation.

5. Drought Conditions - While not a direct cause of the Great Depression, the drought that occurred in the  Mississippi Valley in 1930 was of such proportions that many could not even pay their taxes or other debts and had to  sell their farms for no profit to themselves. The area was nicknamed "The Dust Bowl." This was the topic of John  Steinbeck's The Grapes of Wrath.


Related Questions

Which statement describes one effect of the construction of the Berlin Wall? A.it protected West Berlin from the invasion by the East Germans? B. It prevented Soviet troops from entering East Germany? C. It helped stabilize the East German economy? D. It pushed the Allies to withdraw from East Germany

Answers

Answer:

a so east Germans couldnt leave

Explanation:

please give brainliest

An asset is property owned by a person or a group. Please select the best answer from the choices provided T F

Answers

Answer: T/true

Explanation:a useful or valuable thing or person.

similar: an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Which statement about Earth's layers is true? A. They all consist of liquid rock. B. They each vary in size and temperature. C. They are all under an equal amount of pressure. D. They will soon combine, forming a single, thick layer.

Answers

Answer:

B

Explanation:

Answer:

B

Explanation:

The do vary in size and temperature because as the layers go down to the core it gets harder and magma is more present

Armenians (they are in the Caucasus region, not Central Asia) differ from the people in Central Asia by origin, culture, folklore, language, alphabet, religion

Answers

Armenians are different from the other groups of people that populate Central Asia because they are the only people descended from Indo-Europeans. Most Central Asians are descended from Turkish and Mongol tribes. The religion practiced by most Armenians is Christianity.

What does ranchero mean?

Answers

Answer:

a person who farms or works on a ranch, especially in the southwestern US and Mexico.

Explanation:

gimme that brainliest

Most of South Asia's energy and electricity is provided by______.

Answers

Answer:

Coal

Explanation:

Susan can read 72 words in One-third of a minute. Which statement is correct?

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where’s the statements?

Answer:

she can read 216 words per minute

Explanation:

This map shows the politically polarized continent of Europe

A) during World War II.
B) before the Cold War.
C) during the Cold War.
D) before World War II.

Answers

C) during call dd war boi

What is the difference between diffusion of responsibility and the bystander effect? (psychology)

Answers

They found that subjects were less likely to help the greater the number of bystanders, demonstrating the bystander effect. The bystander effect is a specific type of diffusion of responsibility—when people's responses to certain situations depend on the presence of others

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Which country was responsible for the most discoveries? Hurry plz

Answers

Answer:

China was

Explanation:

China made the earliest discoveries hundreds of years before the western world

On the end scale, historically, it is believed that well over 50 percent of the worlds most important inventions have been British, with the Untied States contributing about half that number, and Japan a distant third

What ideas about knowledge does Locke express in this passage?

Answers

Answer:

in what passage

Explanation:

Farming is difficult in New Zealand and does not contribute to the economy. *

True
False

Answers

Answer:

False

Explanation:

Agriculture contributes 12% of New Zealand's GDP, making it the biggest industry in the country.

Answer:

false

Explanation:

Farming or agriculture is New Zealand's largest industry. Pastoral farming of sheep and cattle is the main type, but horticulture is also common.

Can someone plz help me with this question

Answers

Answer:

b

Explanation:

Answer:

b. Developing

Explanation:

Free trade agreements have failed in opening up markets to US exports. True or False?

Answers

Answer:

False

Explanation:

Free trade agreements have failed in opening up markets to US exports. It is False.

What is Trade?

A trade is the exchange of tangible goods or services among economic player s like between two nations. The need for trade arises because every country has limited economic resources.

The country which lacks in some resources or goods, get it through the means of trade and in exchange the country gives that good which it has in excess.

The nations basically involve in trade so they can get benefit through it. In financial or in stock market, the trading of securities took place on daily basis.

In economics, the Davis Ricardo's comparative advantage theory of international trade states that the country should produce and trade that commodity in which it has comparative advantage and in exchange must take that good in which it has comparative disadvantage in producing.

Learn more about Trade here:

https://brainly.com/question/13837684

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Which of the following statements is FALSE?
a.
The first successful oil drilling in Texas was near Nacogdoches.
b.
Humble Oil became Texaco, one of the largest oil companies in Texas.
c.
Refineries are used to change oil into its usable products, such as gasoline.
d.
Almost 30% of all manufacturing jobs in Texas between 1920 and 1930 were in the oil industry.

Answers

Answer:

B

Explanation:

OMF/G THANK THE LORD TODAY MY LAST DAY OF EDGUNITY

Answer:

B

Explanation: Because humble oils isn't the largest oil well.

Choose a synonym for the underlined homonym (a word with two or more meanings
The dissection of the frog was completely gross.
a. total
b. whole
c. disgusting
d. inviting
Please select the best answer from the choices provided
ОА
B.
С
D

Answers

Answer:

c. disgusting

Explanation:

i think that this is right answer

Answer:

disgusting

Explanation:

for me frogs are super disgusting

Why do we need elections in a democratic country?

Answers

The nature of democracy is that elected officials are accountable to the people, and they must return to the voters at prescribed intervals to seek their mandate to continue in office. For that reason most democratic constitutions provide that elections are held at fixed regular intervals.


1. How is sustainable development different from a mere development?​

Answers

Answer: Development means improving the status or quality of life of the people of the present generation.

Whereas, Sustainable Development means we have development of the present and we sustain the resources for the future generations also without damaging the environment.

why so many people went to live the suburbs (what drew them to the suburbs) and what was a negative part of the rise of the Leavittowns?

Answers

Answer:

William Levitt revolutionized the way Americans live and ushered in an age of suburbia by providing inexpensive housing outside the city. Racial fears, affordable housing, and the desire to leave decaying cities were all factors that prompted many white Americans to flee to suburbia.

negative part- The main disadvantage to life in the suburbs is that it takes longer to reach most destinations. Living in the suburbs and living in the city often makes for a long commute, especially since public transport is often harder to access.

Explanation:

Nancy never knew....


This is a alliteration and I need to finish the rest of this one

Answers

Answer:

Nancy never knew nothing about knotts

What is the highest peak in the lower 48 states? A. Mt. Saint Helen B. Mt. Whitney C. Mt. Rainier D. Mt. Elbert Please select the best answer from the choices provided A B C D

Answers

Answer: Mt. Whitney

Explanation:

Mt. Whitney is the tallest mountain out of these four answer choices.

What was daily life like for Roman women? Describe two differences that existed between women who were wealthy and those who were poor.

Answers

Answer:

Because of their limited public role, women are named less frequently than men by Roman historians. But while Roman women held no direct political power, those from wealthy or powerful families could and did exert influence through private negotiations

Explanation:

What role does “interest group” play in influencing government

Answers

Answer: They engage in lobbying, or the organized process of influencing legislation.

Explanation: Interest groups send representatives to state capitals and to Washington, D.C. to put pressure on members of Congress and ect.

The taklimakan deserts is located in

Answers

Explanation:]

its in china

Answer:

its in china

Explanation:

there is no where else the desert would fit besides India and India is separated by the Himalayas

A______ physically combines two or more substances that maintain their own properties

Answers

Answer:

Mixture

Explanation:

a mixture is the physical combination of 2 or more substances

I need help with these questions and are due today pls help me out and I’m struggling and I’m trying my best and still need help

Answers

1 a 2 c 3 d 4 b 5 a 6 b 7 c 8 c

PLSSS HELP ILL GIVE BRAINLIEST AND 10 PTS PER QUESTION AND A BONUS ON CERTAIN QUESTIONS (20 points 2 questions)

Answers

Answer:

Question 3

B Natural born citizen

Explanation:

Article One of the United States Constitution requires that members of Congress must be at least 25 years old (House) or 30 years old (Senate), have been a citizen of the United States for seven (House) or nine (Senate) years, and be an inhabitant of the state which they represent.

2. Which one is not true?
a. I can follow my own religion.
b. I have the right to be treated fairly and equally.
c. I can hurt someone else.
d. I have the right to a good education. Can someone help me plz? ​

Answers

I think the answer is Option C, cause you do have the right to protect yourself, but not harm others on purpose.

Hope this helps :)

Answer:

C.

Explanation:

At least in the USA, everything on that list is true except for C. The second that you infringe on someone else's safety, your rights end. Of course, you can hurt someone in self-defense. If they attacked you first, you have a right to hurt them back because they are not allowed to jeopardize your safety.

A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of 6%.

Answers

Answer:

$6,079,058.25

Explanation:

This is a simple present value problem. Using a financial calculator:N  20; PMT  500,000; FV  0; I  6%; Pmts in BEGIN mode.Compute PV : PV  $6,079,058.25

Cómo son los beneficios del Estado de derecho en la comunidad?

Answers

La respuesta correcta a esta pregunta abierta es la siguiente.

Los beneficios del Estado de derecho en la comunidad son los siguientes. El Estado de Derecho protege a los ciudadanos del poder absoluto del Estado. Con un Estado de Derecho vigente, los miembros de la comunidad pueden protegerse de los abusos de autoridad de las instituciones gubernamentales y ejercer su libertad de acción ante las injusticias. En un Estado de Derecho, el abuso de algún miembro que pertenece al gobierno, es castigado. En un Estado de Derecho existen leyes que protegen al ciudadano y que equilibran la facultad del gobierno con el derecho del ciudadano. La mayoría de países democráticos modernos tienen vigente su Estado de Derecho y las instituciones que le sirven.

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