The Great Depression
Causes:
• Overproduction of agricultural
• Stock market
• Tariffs
• International debt
• Week european economy
Consequences of the Depression:
• Unemployment
• Bank failures and closures
• Government changes
• More tariffs (Hoover brought in more tariffs which made it even worse)
• Overproduction of agricultural
• Stock market
• Tariffs
• International debt
• Week european economy
Consequences of the Depression:
• Unemployment
• Bank failures and closures
• Government changes
• More tariffs (Hoover brought in more tariffs which made it even worse)
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"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy." - M. Friedman
SUMMARY
The Great Depression was cause by overproduction of agricultural, the stock market, high tariffs, and much more. This dreadful occurrence lead to unemployment, bank failures and closures, government changes, etc. People were suffering from either the cold weather, or hunger; many committed suicide. This was a dark and horrendous age in history.