What was the main cause of the Great Depression quizlet?

What was the main cause of the Great Depression quizlet?

The Great Depression was triggered by the stock market crash of 1929, but many other causes contributed to what became the worst economic crisis in U.S. history. The stock market crash cost investors millions of dollars and contributed to bank failures and industry bankruptcies. You just studied 9 terms!

What were some of the causes of the Great Depression what made it so severe and why did it last so long quizlet?

There was high unemployment, low production, financial instability, and shrinking trade. The lack of producers and consumers made it more severe. It lasted longer because the countries didn’t come together and kept arguing with each other.

How did the industry help cause the Great Depression?

How did Industry help cause the Great Depression? -1) After WWI, crop prices fell 40%. -2) Overproduction of crops. -1) Americans buying less due to rising prices, stagnant wages, unbalanced distribution of income and overbuying on credit in the preceding years.

How many lives were lost during the Great Depression?

It’s interesting that this paper was written in 2009, before the (shall we say) sensationalist Russian claim of 7 million deaths. From 1929 to 1933, in the darkest years of the great depression when people were eating far less, life expectancy increased by 6 years.

Why the Great Depression was bad?

The Great Depression had devastating effects in both rich and poor countries. Personal income, tax revenue, profits and prices dropped, while international trade fell by more than 50%. Unemployment in the U.S. rose to 23% and in some countries rose as high as 33%.

Could the Great Depression have been prevented?

So I technically yes, the Great depression could have been avoided, firstly overproduction. Factories and farms were producing more goods than the people could afford to buy. The problem with over production was that no one was looking forward for what was to come.