1. Stock Market Crash of 1929
Many count erroneously that the stock market adjourn that occurred on shocking Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major(ip) causes that led to the Great Depression. Two months aft(prenominal) the original crash in October, stockholders had bewildered more than than $40 billion dollars. level though the stock market began to regain some of its losses, by the end of 1930, it just was not enough and America authentically entered what is called the Great Depression.
2. brink 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 receive survival, stopped being as willing to create freshly loans. This exacerbated the situation leading to less and less expenditures.
3. Drought Conditions
magic spell not a direct cause of the Great Depression, the drought that occurred in the Mississippi Valley in 1930 was of such proportions that some could not even pay their taxes or other debts and had to rat their farms for no profit to themselves. The dust bowl.
Causes of Dust Bowl
1) The Homestead interpret after
In the 1930s, in the midst of the Great Depression.
moreover events leading up to it began with the passage of The Homestead Act after the Civil War. Pioneers were encouraged to move westward. In years when rain was plentiful, the flatland of the southern Great Plains was a productive place. But clench farmers brought agricultural practices of the North and East to the land where relentless winds and eager summer heat were the rule.
2) Prices going up
World War I drove demand and prices for wheat to record highs. More and more perennial native grasses with tough roots that held soil in place were replaced with annual crops of wheat.Fields were plowed deep and left unmingled after harvest, or stubble was burned, exposing the...If you want to get a full essay, order it on our website: Ordercustompaper.com
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