Great Depression Causes
Stock Market Crash
American Economic Policy With Europe
Reduction in Purchasing Across the Board
Drought Conditions
People investments fell down.
Effects on the economy
Years of environmental damage .
Bank Failures
Years long droughts from southeast Colorado to Texas.
It was one of the first big indicators of the great depression.
Millions in damages
The impose of tariffs on the U.S
It was also know as the "Black Tuesday"
Crops died
Non-soil preservation techniques.
Before this crisis occured the market had peaked months prior.
Protect the U.S industry
"The Dust Bowl"
Alejandro Olmos Acuña A01770498
José María Alarcón Ortiz A01770609
On October 24th the market plummeted as the opening bell was played.
Smoot-Hawley Tariff
The market lost 12% of its value and around 14 billion dollars were lost in investments.
Excessive raise of the U.S tariffs
Rigoberto Rubi Ibarra A01770562
Kurt Espinoza Zazueta A01770495
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03/10/2022
March 10 2022
The Great Depression Causes
By 1929 almost 700 banks had failed throught the US and by 1930 more than 3000 failed.
Because of the panic people started to participate in bank runs where people basically tried to withdraw as much money from a bank as possible
Franklin Roosevelt controlled the Congress
People lost their jobs
Bank runs forced even more banks to close and by the end of the decade more than 9000 banks failed because of the people's panic.
Negotiations between countries about the tariffs
Unable to pay for goods or services
Most banks that survived were now unwilling to lend any money in order for them to stay afloat.
Savings and credit diminished
The Great Depression and Its Causes. (2020, March 26). ThoughtCo. Retrieved March 10, 2022, from https://www.thoughtco.com/causes-of-the-great-depression-104686