Overview:
The Great Depression was the longest and greatest economic downfall of the United State's history. In October of 1929, the stock market crashed leaving Wall Street in great panic. Unemployment rose as companies began to lay off their employees by the dozens. By 1933 between 13 and 15 million Americans were left without jobs, struggling to feed their families.
1. What were the causes of the Great Depression?
The Great Depression was the longest and greatest economic downfall of the United State's history. In October of 1929, the stock market crashed leaving Wall Street in great panic. Unemployment rose as companies began to lay off their employees by the dozens. By 1933 between 13 and 15 million Americans were left without jobs, struggling to feed their families.
1. What were the causes of the Great Depression?
- Consumer spending dropped drastically
- Production was slowed
- Stock market crash of 1929 which took place on "Black Tuesday"
- Too many weak, small banks
- A large gap between the rich and the poor
- Well, what was the New Deal?