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What were 4 effects of the Great Depression?

The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted, international trade collapsed, and deflation soared.

What are 4 causes of the Great Depression?

Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.

What are 5 cause of the Great Depression?

Overproduction, executive inaction, ill-timed tariffs, and an inexperienced Federal Reserve all contributed to the Great Depression. The Great Depression's legacy includes social programs, regulatory agencies, and government efforts to influence the economy and money supply.

What were the 4 major causes of the Depression?

However, many scholars agree that at least the following four factors played a role. The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion. ... Banking panics and monetary contraction. ... The gold standard. ... Decreased international lending and tariffs.

What were the 7 Major causes of the Great Depression quizlet?

Causes of the Great Depression Stock Market Crash. Hawley Smoot Tariff. Dust Bowl. Bank Failures. Buying on credit in the 20s. Reduction in purchasing. Gap between rich & poor.

the great depression worksheet pdf

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What are the 4 main causes of the Great Depression?

Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.

What were the 3 main causes to the economic downturn known as the Great Depression?

What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.

What were 4 main causes of the Great Depression quizlet?

Terms in this set (4) #1. Stock Market Crash. -Throughout the 1920s, people invested in the stock market in hopes of making money. ... #2. Banking Crisis. -People deposit money in banks for safe-keeping. ... #3. Overproduction. -Industry thrived in the 1920s because of mass production. ... #4. Under-consumption.

How did the Great Depression affect the economy?

The U.S. economy shrank by a third from the beginning of the Great Depression to the bottom four years later. Real GDP fell 29% from 1929 to 1933. The unemployment rate reached a peak of 25% in 1933. Consumer prices fell 25%; wholesale prices plummeted 32%.

What were the 7 Major causes of the Great Depression?

The speculative boom of the 1920s. Stock market crash of 1929. Oversupply and overproduction problems. Low demand, high unemployment. Missteps by the Federal Reserve. A constrained presidential response. An ill-timed tariff.

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