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Great Depression (Bankruptcy (Companies couldn't afford to run, Had to…
Great Depression
Bankruptcy
Companies couldn't afford to run
Had to lay off workers/unemployment
presidency
Hoover didn't do anything
Nothing got done to help
Speculation
Slight decline in stocks
Took money of stocsk
Bank loans
Buying on credit
No money backing the banks
Dust Bowl
Over farming for WWI
No Nutrients in soil
End of depression
people started to trust banks again
banks restarted and got their money reserves
surplus of food
Surplus drove price down
Farmers burned food because it was so expensive to farm
All banks shut down
no money in reserves, bank runs
no bank money at all
Stock market
Crashed on black thursday
Many people lost money
Farmers
New equipment/over filling market
Surplus drove price down more expensive to make then sell