Please enable JavaScript.

Coggle requires JavaScript to display documents.

A Worldwide Depression - Coggle Diagram

- - - - In 1929 investors thought th stock prices where unitarily high and sold their stocks and thought the prices of stocks would go down
        
        the prices of stocks plunged and a recored of 16 million stocks were sold then the markets colapesd
        
        conflict
      - escalation
- - - - Unable to sell all their goods, store owners eventually cut back their orders from factories. Factories in turn reduced production and laid off workers. A downward economic spiral began. As more workers lost their jobs, families bought even fewer goods. In turn, factories made further cuts in production and laid off more workers.
  - - - Their unpaid debts weakened banks and forced some to close. The danger signs of overproduction by factories and farms should have warned people against gambling on the stock market.