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Causes of the Great Depression
Description
High School AP U.S. History (The Great Depression) Mind Map on Causes of the Great Depression, created by musicalowl on 03/03/2015.
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causes of the great depression
ap
history
us history
american history
ap u.s. history
the great depression
high school
Mind Map by
musicalowl
, updated more than 1 year ago
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Created by
musicalowl
over 9 years ago
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Resource summary
Causes of the Great Depression
Post WWI Economic Boom
Business production grew faster than demand
Families took out loans to buy cars and home appliances
Overspeculation and risky investments in the stock market
Market loses value on Oct. 24
Nervous people flock to banks to withdraw money
Banks could not come up with the cash and fail
Low consumer confidence in the economy
Investors sell their shares
The Stock Market Crash of 1929
Consumers cut spending to save money
Sales fall
Businesses cut production
Workers are laid off
Unemployment reduces demand
Demand goes down further
Businesses cut production further
More unemployment
Families cannot pay off debts
The Great Depression
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