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Essay

GReat Depression and its Causes

Essay specific features

 

Issue:

American History

 

Written by:

Patricia S

 

Date added:

September 16, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1172

 

Was viewed:

9992 times

 

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Essay content:

The automotive industry fell more than one third in the first nine months of 1929. Second, there was a maldistribution of purchasing power, and as a result a weakness in consumer demand. As major industries increased, the percent of profits going to consumers was to small to create adequate market for the goods the economy was producing...
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A third major problem was the credit structure of the economy. Farmers were greatly in debt, and crop prices were extremely low. Small banks were in trouble, many customers defaulting on their loans. Big banks were in trouble as well, many investing recklessly in the stock market then losing it all when the stock market crashed in 1929...
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