0
There were several major causes of the Great Depression in the United States. 1. Unequal distribution of wealth. There was not a large middle class. While wages were rising for the majority of workers, they were not keeping pace with the increase in the cost of living or the wealth in the hands of the industrialists and others in the upper income classes. 2. There was over speculation in the Stock Market, which was not regulated. Many Americans purchased stock on credit. This was known as margin buying. 3. Increased manufacturing and agricultural output, but wages that did not keep pace for the consumers to purchase all that was produced or grown. Hence, inventories increased and agricultural income remained low. 4. Buying on credit, known in the 1920s as installment buying. People purchased things like refrigerators on time, and did not have money to pay for the product in the future, when the bills became due. 5. Federal regulations on businesses also contributed to the cause. Especially favorable to the large corporations were the taxes laws which were written to encourage business expansion. 6. Banks were permitted to speculate in land and the Stock Market with little government regulations. 7. High tariffs and war debts helped spread the depression worldwide. 8. The Stock Market Crash of 1929 signaled the beginning of the Great Depression.
when the stock market crashed and the dust bowl began those were some factors of the Great Depressin
Read comment on first answer ^^^
Too much credit use
Add your answer:
Earn +20 pts
What were 3 main reasons of the great depression?
One main reason the Great Depression ended is because World War II came to an end. The Great Depression began in 1929.
What does one call the day when the depression of 1929 began?
Black Friday in October 1929 marked the day of the stock market crash that began the great depression.
What was one reason union membership rose in 1930?
One reason was that congress outlawed the closed shop
Why should you care about the Great Depression?
A reason one should care about the great depression is that such an event could possibly happen again. Economists, sociologists, and politicians can learn alot by studying the events leading up to the great depression and hopefully come up with ideas and plans to prevent such a catastrophic event in the future.
Who was fortunate in the Great Depression?
no one
What is one reason the Great Depression began?
Too much speculation
What were 3 main reasons of the great depression?
One main reason the Great Depression ended is because World War II came to an end. The Great Depression began in 1929.
What does one call the day when the depression of 1929 began?
Black Friday in October 1929 marked the day of the stock market crash that began the great depression.
Who was president for only one month when the Great Depression began?
Herbert Hoover took office seven months before the Great Depression started.
Who was governor of New York when the Depression started?
Which one?When the Great Depression began, Franklin D. Roosevelt was the Governor of New York.
Why was cooperative federalism replace dual federalism?
Dual federalism was replaced by cooperative federalism for many reasons. One such reason is the Great Depression. When the Great Depression occurred, Americans wanted answers and action and in turn the Federal government began to use more of its power to respond and fix things. Cooperative federalism was born out of this.
How were the presidents during the great depression?
One. Herbert Hoover was already president when the Great Depression began with the Stock Market crash in 1929. Franklin Delano Roosevelt was elected president in 1932 and died in office in 1945.
What was one reason union membership rose in 1930?
One reason was that congress outlawed the closed shop
Is there going to be great depression 3?
There has only been one Great Depression.
Why should you care about the Great Depression?
A reason one should care about the great depression is that such an event could possibly happen again. Economists, sociologists, and politicians can learn alot by studying the events leading up to the great depression and hopefully come up with ideas and plans to prevent such a catastrophic event in the future.
Who was fortunate in the Great Depression?
no one
How is dust bowl and Great Depression alike?
The dustbowl is a nickname for the Midwest during the great depression. I is one factor that causes the great depression because of the shortage of food.
