3932900
Description
Mind Map by Jordan Hilder, updated more than 1 year ago
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Created by Jordan Hilder
about 9 years ago
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What caused the Great Depression?
- The Economy
- CAUSES
- Over Production
- Industry and Agriculture
- over produced products beyond the demand
- Business cut production
- Workers suffered wage cuts
and layoffs
- Consumers had little money to spend
- Demand fell for good
- Repeat the cycle
- Repeat the cycle
- Demand fell for good
- Consumers had little money to spend
- Workers suffered wage cuts
and layoffs
- Business cut production
- Farm Crisis caused
Europeans to stop buying
American produce
- over produced products beyond the demand
- Industry and Agriculture
- The widening gap between rich and poor
- 1% of Americans owned over 33% of all American assets
- The rich saved lots of money and
disrupted the economy's monetary
flow
- 1% of Americans owned over 33% of all American assets
- Stock market crash
- Caused by buying on the margin
- Stock brokers selling their shares for stronger British shares
- Caused by buying on the margin
- Over Production
- Effects
- Deflation
- Unemployment at 25%
- Drop in Production
- Deflation
- CAUSES
- Politics
- Causes
- Hoover's no government interference with business policy
- Few governmental regulations
- Hoover's no government interference with business policy
- Effects
- FDR elected 1932
- New Deal programs increased government role in the economy
- Hitler gains power in Germany because of the hyperinflation and the poverty at the time
- FDR elected 1932
- Causes
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