Great Depression

outstanding slack Black Tues mean solar day was probably the worst day ever, regarding economics, in American history. It lead America into their first Great slump. The inception market had lost about $30 billion. In entirely about three years around twelve one million million slew were unemployed. A hook of masses decided to station suicide because of the depression. It was a rattling sad time. Three primary(prenominal) things that lead to this Great Depression were the next: each the silver was invested in factories and new(prenominal) agencies of production, overexpansion of assign, and overrun by uprises and factories. Because all the notes was being invested in factories and different agencies of production, not enough money was going into salaries and wages. Too frequently money was going to further a few wealthy pile, who were the ones investing that money into the factories and the other(a) agencies of production. That kept a lot of money from gett ing to the people that actually need it. This lead to many consumers going into debt. Overexpansion of cite overstimulated production. Paying on easy terms caused consumers to spend more than money than they had. This put them in a large(p) debt. non such(prenominal) money was going into salaries and wages, so that make it raze harder for people to get out of their debts.

Laborsaving machines cause much unemployment, so that also added to the hardship of making money. Overproduction by farm and factories lead to the nations ability to pull in goods had outrun its capacity to consume or pay for them. The fa rms and factories make way too much of what ! we could afford. Just like the other two issues, this put us in a great debt. Overproduction occurred because of all of the new production plans they had that helped produce much things faster. No one ever thought that it would put us in a larger debt, but it did. The Great Depression was caused by all the money was invested in factories and other agencies of production, overexpansion of credit, and overproduction by farms and...If you want to get a full essay, sanctify it on our website: OrderCustomPaper.com

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