2177244
Description
Mind Map by musicalowl, updated more than 1 year ago
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Created by musicalowl
almost 10 years ago
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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
- 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
- The Great Depression
- Families cannot pay off debts
- More unemployment
- Businesses cut production further
- Demand goes down further
- Unemployment reduces demand
- Workers are laid off
- Businesses cut production
- Sales fall
- Investors sell their shares
- Low consumer confidence in the economy
- Banks could not come up with the
cash and fail
- Nervous people flock to banks to withdraw money
- Market loses value on Oct. 24
- Business production grew
faster than demand
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