The Great Depression - an in Depth Look

The Great Depressions Economic Disaster What could have caused such a catastrophe? The great depression was the worst economic failure in the history of the United States. The most common answer to this would be the stock market crashed causing the domino effect to upshot place, however, eve though this is true there were many vestigial causes that directly and indirectly helped to create such economic hardships. press release from the Roaring Twenties to the Depression Decade the slump of Americas sparing had effected virtually every industry locally as well as overseas. Three of the many causes that greatly assist in the cause of this catastrophe were the overproduction of goods and decline in purchasing power, the decline of purchases and unequal wealth distribution, drought conditions in the Mississippi Valley and finally international troubles of financial issues. During the sluttish age of the 1920s goods were being produced at a a lot more increase rate than ever to compensate for increased demand for goods during World War 1. Farmers and factory workers spent their wartime mesh on buying new recruiting and industrial equipment as well as purchasing new land to farm and create goods on.

Although at the time farmers may have seen this as an opportunity to invest in their business to gain even more profits, these farmers did not realize there would be a decrease in demand once the war was over. Factories go about the same crossroad, to increase manufactured goods while the demand was high. non only did these business owners purchase new machines and raw materials, they purchased them on installment loans. Purchasing on credit had its pros and cons; however the cons greatly outweighed the pros once the outcome had been played out. (Kennedy) While workers wages remained unceasing the goods prices and abundance soared which led to the plummet of demand of goods. Especially afterward WW1 had ended the need for corn, wheat and agriculturally grown food had collapsed... If you essential to get a full essay, order it on our website: Ordercustompaper.com

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