Great Depression

large slack Black Tues sidereal day was probably the worst day ever, regarding economics, in American history. It lead America into their first Great low. The inception market had lost about $30 billion. In entirely about three years around 12 one million million slew were unemployed. A round of commonwealth decided to station suicide because of the depression. It was a rattling sad time. Three primary(prenominal) things that lead to this Great Depression were the sideline: completely the silver was invested in factories and new(prenominal) agencies of production, overexpansion of assign, and overrun by upgrades and factories. Because all the notes was being invested in factories and opposite agencies of production, not enough specie was going into salaries and wages. Too more money was going to withal a few wealthy population, who were the ones investing that money into the factories and the new(prenominal) agencies of production. That kept a lot of mon ey from getting to the people that actually need it. This lead to many consumers going into debt. Overexpansion of ascribe overstimulated production. Paying on easy terms caused consumers to spend a good deal money than they had. This put them in a keen debt. non more than money was going into salaries and wages, so that make it raze harder for people to get out of their debts.

Laborsaving machines cause much unemployment, so that also added to the hardship of making money. Overproduction by farm and factories lead to the nations ability to pull in goods had outrun its capacity to consume or pay for them. The farms and factories make way too much of! what we could afford. Just like the other two issues, this put us in a great debt. Overproduction occurred because of all of the new production plans they had that helped produce much things faster. No one ever thought that it would put us in a larger debt, but it did. The Great Depression was caused by all the money was invested in factories and other agencies of production, overexpansion of credit, and overrun by farms and...If you want to get a full essay, signal it on our website: OrderCustomPaper.com

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