Please enable JavaScript.
Coggle requires JavaScript to display documents.
Great Depression (Entered Mild Recession (Cause: Consumer spending slowed…
Great Depression
-
-
Effect: People couldn't pay back their credit, people took money out of banks, banks, closed, businesses and factories closed
Cause: People bought with credit for stocks, farms, stock market increase, banks were secure, new equipment, new inventions.
Cause: Horrible drought, soil without nutrients began to blow away
-
-
-
Cause: Banks wanted interest; which is why they were using credit; they were speculating the people could pay money back
Effect: people didn't pay off their credit, banks started losing money
-
-
-