Great Depression

grand slack Black Tuesday was probably the worst day ever, regarding economics, in American history. It lead America into their first Great depressive disorder. The inception market had lost about $30 billion. In entirely about three years around twelve one million million slew were unemployed. A bargain of heap decided to station suicide because of the depression. It was a actu bothy sad time. Three primary(prenominal) things that lead to this Great Depression were the undermentioned: all the silver was invested in factories and new(prenominal) agencies of production, overexpansion of assign, and overrun by spring ups and factories. Because all the notes was being invested in factories and new(prenominal) agencies of production, not enough gold was going into salaries and wages. Too oftentimes money was going to merely a few wealthy people, who were the ones investing that money into the factories and the some other agencies of production. That kept a lot of money from getting to the people that actually need it. This lead to many consumers going into debt. Overexpansion of recognise overstimulated production. Paying on easy terms caused consumers to spend very very much money than they had. This put them in a huge debt. non much money was going into salaries and wages, so that make it raze harder for people to get out of their debts.

Laborsaving machines cause much unemployment, so that also added to the hardship of making money. Overproduction by farm and factories lead to the nations ability to pull in goods had outrun its capacity to consume or pay for them. The farms and factories make way too m! uch of what we could afford. Just like the other two issues, this put us in a great debt. Overproduction occurred because of all of the new production plans they had that helped produce much things faster. No one ever thought that it would put us in a larger debt, but it did. The Great Depression was caused by all the money was invested in factories and other agencies of production, overexpansion of credit, and overproduction by farms and...If you want to get a full essay, sign on it on our website: OrderCustomPaper.com

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