Great Depression
9 Tax Breaks
3 WW1
1 New Technology
10 Housing Industry
- Credit
8 Deflation
4 Farming
- Food Surplus
5 Tariffs
- Rising Prices
Effect: Helped some businesses, but harmed international trade
Cause: Tariffs were raised on foreign trade
Most Americans weren't earning much because of it.
Cause: Government revenues dropped because the wealthy got a tax break
Cause: Cars and trucks were being introduced
Railroads were facing strong competition
Effect: Demand went way down after the war, and they were losing money.
Cause: Lumber and mining industries expand due to high demand during WW1
Effect: Less new furniture was needed.
Cause: Fewer homes were being built to economic problems
Cause: After WW1, the need for food greatly dropped
Effect: Farmers were losing money
Cause: Farmers were making a lot of food with new technology
Effect: When prices lowered, farmers still had too much food, and weren't making much money.
Cause: The general prices of goods and services went down
Effect: Many farmers and companies were losing money
Effect: People bought everything on Credit
Cause: Many goods were rising in prices faster than their salaries.
Cause: People were using credit to buy goods and services
Effect: People were accumulating lots of credit debt