It didn't necessarily "cause" the depression, however, it allowed for more financial disruption. People in the twenties (1920s) were beginning to buy on margin, this new concept for them that excited them beyond belief. Unfortunately, what the began to do, is spend more money than they had, it was practically imaginary money that put the individual in debt.
People were spending money that they didnt have and wouldnt be able to pay back. Once people realized that it was going downhill, everybody tried to withdraw all of their money from the banks. This sent the country into major debt.
people over borrowed and put there self in a bad predicament where they begin to old lots of money
idk. the question is what caused underconsumption and how did effect the country?and the other question is what caused overproduction and how did it effect the country?
haloo
Too many goods were being produced in factories (overproduction), and after the stock market crash and other factors, people stopped buying goods in an attempt to save money (underconsumption).
how did the great depression affected Belize
Not much.
The Great Depression and World War II hampered asset growth in mutual funds
He did nothing about it to be honest...
Too many goods were being produced in factories (overproduction), and after the stock market crash and other factors, people stopped buying goods in an attempt to save money (underconsumption).
how did the great depression affected Belize
Not much.
prices
no one got acffected
irene
There is no answer
The Great Depression and World War II hampered asset growth in mutual funds
dsfsd
cats
He did nothing about it to be honest...
6666