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Causes of the Great Depression (By: (Kirk Alave, Aamna Siddiqui, Samuel…
Causes of the Great Depression
Summer of 1929 - US economy enters recession and isolationism
Black Thursday
Black Tuesday (Stock Market Crash)
Downturn in Spending and Investment
Slower Factory Production
Slower Construction
Adherence to the Gold Standard
Lower Wages
Buying Power Decreased
Bank Foreclosures
The Great Drought of the 1920's
Dust Bowl
Early Economic Depression for Farmers
Fall in Food Prices
November 6, 1928 Hoover was elected President of the United States.
Rugged Individualism
Fear of Socialism
Federal Power/Influence is Limited
Social Darwinism
Hoovervilles
Smoot-Hawley Tariff
By:
Kirk Alave
Aamna Siddiqui
Samuel Rayas
Ruby Garrett