What are 4 main causes of the Great Depression and explain why?

Answers

Answer 1

Answer:Causes Of The Great Depression

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The stock market crash on October 29, 1929 set in motion a series of events that led to the Great Depression, but in fact, the American economy and global economy had been in turmoil six months prior to Black Tuesday, and a variety of factors before and after that fateful date in October caused and exacerbated the Great Depression.

Click here for facts about the causes of the Great Depression.

False Sense Of Prosperity Before The Great Depression

The 1920s, known as “The Roaring Twenties” marked a time when America was overdependent on production, automobiles were the leading industry, and there was a great disparity between rich and poor. More than 60% of the population was living below poverty levels, while a mere 5% of the wealthiest people in America accounted for 33% of the income, and the richest 1% owned 40% of the nation’s wealth. This uneven distribution of wealth was mirrored in the unequal distribution of riches between industry and agriculture.

Global Crisis And The Great Depression

While America prospered during the 1920s, most of Europe, still reeling from the devastation of World War I, fell into economic decline. America soon became the world’s banker, and as Europe started defaulting on loans and buying less American products, the Great Depression spread.

Speculation And Overleverage In The Great Depression

With only loose stock market regulations in place before the Great Depression, investors were able speculate wildly, buying stocks on margin, needing only 10% of the price of a stock to be able to complete the purchase. Rampant speculation led to falsely high stock prices, and when the stock market began to tumble in the months leading up to the October 1929 crash, speculative investors couldn’t make their margin calls, and a massive sell-off began. While the great rise in the stock market (from 181 points in early 1928 to 381 points in September 1929) was fueled by optimism and false hope, the plunge was flamed by stark fear.

Stock Market Crash Of The Great Depression

On September 3, 1929, the Dow Jones was at a high of 381 points, and on October 29, 1929, it had fallen to 41 points after a week of panic selling.

Bank Failures And The Great Depression

Once the stock market crashed, fearful that banks would fail, millions of Americans began to withdraw their money. Virtually overnight, they put thousands of banks in peril. The more money Americans withdrew, the more banks failed, and the more banks failed, the more money Americans withdrew. By 1933, more than 11,000 of the nation’s 25,000 banks had collapsed.

Lack Of Available Credit During The Great Depression

With massive draws on funds during the Great Depression, banks had no money to lend, and this lack of available credit led to a further worsening of economic conditions.

People Stopped Spending Money During The Great Depression

When the stock market crashed, and the banks failed, and unemployment levels reached higher and higher points, people understandably stopped spending money, which also deepened the economic crisis as demand for products and services ground to a halt.

High Unemployment Rates During The Great Depression

When consumer spending plummeted during the Great Depression, unemployment rose, reaching its highest level in 1933, when 25% of the workforce was idle.

Dust Bowl During The Great Depression

A drought that lasted from 1930 to 1936, known as the Dust Bowl, aggravated the problems of the Great Depression. More than a million acres of farmland were rendered useless because of severe drought and years of overfarming, and hundreds of thousands of farmers joined the ranks of the unemployed.

Explanation:

Answer 2
Final answer:

The main causes of the Great Depression were economic instability masked by the stock market, international economic woes due to decrease in GDP and recalling of loans, poor income distribution, and over-speculation in industry especially on railroads.

Explanation:

There were several causes of the Great Depression, which began in 1929 and affected the global economy. Mainly, these causes can be categorized into four groups.  

Economic instability: The stock market crash in October 1929 camouflaged economic instability and was a tipping point where weaknesses in the economy, specifically in the banking system, became apparent. International economic woes: There was a decrease in the worldwide Gross Domestic Product (GDP) by 15 percent between 1929 and 1932. Many U.S. banks began recalling loans made to foreign businesses, causing crises globally. Poor income distribution: This refers to the wide gap between the rich and the poor. A small percentage of people controlled a large portion of the wealth which made the economy unstable. Over-speculation in industry: One example of this is the speculation in railroads in the previous decades. Heavy investments were made without realization that the growth was built on a bubble.

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Related Questions

Which was the primary reason that the Western Roman Empire fell?

Answers

Answer:

Losses sustained against outside forces

Explanation:

The most straightforward theory for Western Rome's collapse pins the fall on a string of military losses sustained against outside forces. Rome had tangled with Germanic tribes for centuries, but by the 300s “barbarian” groups like the Goths had encroached beyond the Empire's borders. For most of its history, Rome’s military was the envy of the ancient world. But during the decline, the makeup of the once mighty legions began to change. Unable to recruit enough soldiers from the Roman citizenry, emperors like Diocletian and Constantine began hiring foreign mercenaries to prop up their armies. The ranks of the legions eventually swelled with Germanic Goths and other barbarians, so much so that Romans began using the Latin word “barbarus” in place of “soldier.”

What were the working and living conditions like while building the canal?

Answers

Explanation:

Early working conditions were so harsh that nearly all skilled American workers deserted within a year. As work on the canal progressed, however, the Isthmian Canal Commission improved facilities and provided incentives for workers to stay.

Answer:

Dynamite explosions

tropical diseases such as yellow fever

landslides that could bury workers

extreme heat and humidity

Explanation:

What is Saudi Arabia’s legislature called? How are members elected?

Answers

Answer:

Saudi Arabia’s legislature is called as Consultative Assembly

Explanation:

Due to the government’s status as absolute monarchy, the legislature is known as Consultative Assembly (Majlis ash-Shura) which can propose laws but cannot perform the function of primary legislation. The Consultative Assembly consists of 150 members of which 30 are women since 2013, all of whom are appointed by the King. The assembly have power to 'interpret laws' and 'examine annual reports' referred by state ministers and agencies.It can also review country’s annual budget, and can call in 'ministers' for questioning if necessary.

How did the Russians defeat the French

Answers

Answer:

Before Napoleon and his troops take over Russian territory, the Russians would burn what they leave behind. This meant that French troops would find no loot for supplies and starve in the Russian winter. When Napoleon took over Moscow, Russian burned Moscow to force Napoleon's army to out of Moscow. The combination of low supplies and harsh winter weather led to the death of over 500,000 French troops. This would lead to Napoleon's exile to Elba.

8. Along with a calendar and a numeric system, another characteristic of the
Olmec civilization was
a. A series of colossal stone heads
b. A solar observatory
c. An advanced drainage system
d. The iron plow

Answers

a. A series of colossal stone heads

Explanation:

The Olmec religious centers (centers) consisted of pyramids and temples. They were probably the first muralists (wall painters) and painters in the caves of Mexico, and they also made jade statues. They are typical of jaguars, thick-lipped warriors and thin-liped goats with goatee beards. –The largest Olmec monuments are certainly colossal stone heads with helmets. Most weighed between 20 and 25 tonnes and vary in height from 1.47 m to 3.4 m. So far, a total of 17 have been found in a very wide area, and the question remains how they were brought to their final destination. Namely, the closest basalt mines are located some 90 km away from the San Lorenzo wetlands where most of these mysterious heads have been found.

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The another characteristic of the Olmec civilization was a series of colossal stone heads. Thus, the correct option is a.

The Olmec civilization, which flourished along the Gulf of Mexico, is well-known for its colossal stone heads.

These heads, carved from basalt boulders, are thought to represent Olmec rulers and are notable for their impressive size and detailed craftsmanship.

This kind of monumental stone sculpture highlights the sophistication and organizational capabilities of the Olmec people.



2. How might you approach military history in a more constructive manner?

Answers

Answer:

See the explanation below.

Explanation:

According to me, if we use Military history to learn about leadership and study the commander's mind then it will be the more constructive approach towards the subject. We can keep our focus on military affairs which have large impact on our society.

Military history as a discipline record the armed conflict in the history of humanity and tries to assess it's impact over economies, societies, culture, etc. which in result lead to changes or development in local and international affairs. It also help us to study about military strategy adopted by each side and help in assessing how these tactics and technologies have changed with time, for example, it tries to explain that how warfare led to the development of weapon and with time how emerging technologies have shaped these weapons.

8. Which change occurred as America shifted from an agrarian to an industrial society in the late 1800s
and early 1920s?
A. Women and children worked long hours to help the family.
B. Americans began migrating to cities.
C. The quality of life in cities improved as local government used funding to install sewer systems.
build hospitals, expand the police force and provide garbage-collection services.
D. Cultural opportunities and variety of city life encouraged rural communities to adopt urban ways
of life.

Answers

Answer:

C. The quality of life in cities improved as local government used funding to install sewer systems. build hospitals, expand the police force and provide garbage-collection services.

Explanation:

What did the “black codes” of the early English colonies do? A. They ended the inter-colonial slave code. B. They prevented English colonist from abusing their African slaves. C. They equally distributed the African slave population between the northern and southern colonies. D. They stripped African slaves of their human rights and allow English colonist to see them as less than human.

Answers

Answer:

The “Black Codes” of the early English colonies was formed to prevent English colonists from abusing their slaves.

Option: (A)

Explanation:

Even though the code was formed to protect slaves from masters and masters from defiant slaves, it provided far more protection to masters than to slave. This code also denied slaves of basic rights that are guaranteed under English Common Law. These codes effectively established the idea of white supremacy into the law. These codes were formed to segregate white colonists from black slaves.

Answer: the answer is D

Explanation i took the test 100%true

Question 6
Select all choices that apply.
Which statements accurately describe Magellan's expedition?


A.The expedition crossed three major oceans-the Pacific, the Atlantic, and the
Indian.

B.Three of the original five ships returned home to Spain.

C.The Pacific Ocean was far wider than Magellan had anticipated.

Answers

The answer is c
I hope it works

Which of the following was a major outcome of European imperialism in
Africa after the Industrial Revolution?

Answers

Answer:

The choices are:

A. Europeans brought disease to Central Africa, killing thousands.

B. Africans in the Belgian Congo suffered forced labor and oppression.

C. The area around the Suez Canal experienced decades of military conflict.

D. The discovery of rich natural resources led to African economic prosperity.

The correct answer is: Africans in the Belgian Congo suffered forced labor and oppression.

Explanation:

During the European imperialist invasion and military occupations, African societies had numerous pressures and different ways of opposition against the conceive to colonize their countries and exploit foreign invasion.

How did the explosion of the U.S.S. Maine affect U.S. involvement in Cuba?
It led to an embargo between the U.S. and Cuba.
Cubans were against the U.S. involvement in their personal affairs.
Yellow Journalists supported the Spanish government.
It led to the U.S. declaring war on Spain in 1898.

Answers

The correct answer is that it led to the U.S. declaring war on Spain, from whom Cuba was fighting for independence, in 1898. However, we need to make a few reservations about this.

Today is no longer believed that the explosion of the U.S.S Maine was so important to the deflagration of the Spanish- American-Cuban-Filipino war. We know now that by the results the U.S. pursued during and after the war, this war was an imperialist move: Americans needed more consumer market and source materials for their growing industry.

After the war, the U.S. occupied Philipines, annexed Hawaii, and turned Cuba into some sort of protectorate. This opened up China's and Latin America's markets for American goods.

how does declaration reflect modern American value?​

Answers


While the signers of the Declaration thought of "the people" more narrowly than we do today, they articulated principles that are still vital markers of American ideals.

And while the Declaration did not initially lead to equality for all, it did provide an inspiring start on working toward equality.

The Declaration of Independence gave birth to what is known today as the United States of America.

The document is symbolic of American democracy and one of the free charters of freedom.

The words stated in the Declaration rallied support from colonists at home, and colonists living abroad.

The Declaration of Independence is still important today because it signifies the birth of a nation, instructs free citizens and provides hope for all people who want to be free.

Hope this helps you :)

In your opinion has the United States been a leader in the global economy in recent decades? Explain your reasoning.?

Answers

Answer:

The US has had the leading economy since it has a controlled economy and it manages its money but the US's economy is going to start going down if they don't stop wasting/spending money.

what percentage of the current us citizens can trace at least one of the members in their ancestry to Ellis island​

Answers

Answer:

About 40 percent of all the current United States citizens can trace back at least one of their ancestors to Ellis Island.

Explanation:

Ellis Island is a small piece of land located in the middle of the Hudson River between New Jersey and New York. It served as an immigration station between 1892 and 1954.It was a door to most immigrants to pass through before arriving into the United States. The immigrants coming from northern and western Europe, Britain, Germany, Ireland, and most Scandinavian countries initially took refuge on the Ellis Island.

Which are examples of the roles of the popes and patrons of the arts in restoring the city of Rome?

Choose all answers that are correct.


hired architects to build magnificent churches and offices


sponsored expeditions to collect classical manuscripts and coins


removed old statues from public spaces to sell and raise money


learned to paint and sculpt creative works of art

Answers

Answer:

Hired architects to build magnificent churches and offices. Sponsored expeditions to collect classical manuscripts and coins.

Explanation:

The restoration of the city of Rome was looked at as a responsibility as the citizens of Rome were mentally attached to the grace and dignity of the city. To keep the essence intact and to keep the elegance of the city alive, the people of Rome chose to restore the city by putting the best architects to work and by running expeditions to get hold of classical manuscripts and other culturally important valuables.

Due to the ________, a change in investment or business spending has a magnified effect on total spending.

Answers

Answer:

multiplier

Explanation:

Multiplier is the quantity that income exceeds the injections of demand, for example:

We could consider 100 million in the investment, creating a new production plan, in this case, there will be a reaction in two ways, the cost increase and the contracts for new companies too.

If the companies and employees using 3/5 of these profits there will be other goods and services working in that way, this cycle is repeated in a circular flow.

In which chamber of the congress does leadership system have more control over its members, and why?

Answers

House of representatives which has the most control over the 435 members have greater influence of leadership on its members.

Explanation:

House of representatives is the lowest house of the congress and it comprises of 435 members who represent the  states in America respectively. 435 members make a unanimous decision and their influence on significant decision making is essential when compared to the upper house which is Senate. It comprises of hundred members. But both the houses and its members make a joint decision in order to pass and execute a bill into a law or a statute in US.

Senate leadership has highest positions but it has only very little powers. Majority  leader is the most influential person who enjoys the power to begin the debate and deliberations regarding a bill.


What is the major role of members of Congress

Answers

Answer: Members of Congress represent the people of their district in the United States Congress by holding hearings, as well as developing and voting on legislation. All bills must pass Congress before they can go to the President to be signed into law.

Explanation:

What was the Southeast Asia Treaty Organization (SEATO)?

Answers

Answer:

Organization to prevent countries turning into Communist countries.

Explanation:

The First Intermediate Period transitioned into the Middle Kingdom after the _______ Kings defeated the ________ Kings.
Eighth Dynasty; Seventh Dynasty

Theban; Heracleopolitan

Heracleopolitan; Theban

Seventh Dynasty; Eighth Dynasty

Answers

Answer:

The First Intermediate Period transitioned into the Middle Kingdom after the Eighth Dynasty Kings defeated the Seventh Dynasty Kings.

Explanation:

Germany declare war on United States Congress voted for war against both Germany and Japan ​

Answers

Answer:

Germany was under a treaty obligation to declare war on any nation that entered war against its ally Japan. So, after the Pearl Harbor attack of December 7, 1941, Germany declared war on the United States.

Explanation:

Literacy tests were designed to:
O
A. stop poor people of all races from voting.
O
B. ensure an educated electorate.
O
c. Oplace poll taxes as a test for voting.
O
D. prevent African Americans from voting.

Answers

Answer:

D) prevent African Americans from voting

Explanation:

After the Civil War there were literary tests and other obstacles like poll taxes to prevent African Americans from voting even though they gained the right to vote with the 15th amendment.

What happened as a result of the Second National Bank?

A) It restored order to the money supply and helped to strengthen the American economy.

B) It restored order to the money supply, but the economy never recovered.

C) Many people protested because they felt the bank was unconstitutional.

D) States demanded that the Second National Bank pay for internal improvements.

Answers

Answer:

Among options shown here:

B) It restored order to the money supply, but the economy never recovered.

Explanation:

When it was finally created , it was welcomed. The Second National Bank followed a restrictive monetary policy that brought order to American finances after the 1812 War, but recession - with high unemployment and deflation - occurred, though it must be said there was a worldwide downturn goin on. Not all expectations were met.

Answer:

The answer is B, hope this helps

Explanation:

How did the English feel about the Algonquians?

Answers

Answer:

The English felt that the Algonquins were their enemies as they had been allies of the French for over a hundred years.

Explanation:

Many tribes like that of the Cherokees, Catawbas, and Iroquois were friends of the British. But there were certain other tribes that the British army looked at as enemies as they were associated with the French colonists for a long time. The tribe of Algonquins was one such tribe that helped the French in the French and Indian War against the British Army.

What did the delegates to the first Continental Congress site in support of their rights?

Answers

Answer:

For those members of the Congress who were in favor of a more peaceful protest, the Declaration of Rights was developed. These rights included life, liberty, property, and the right to establish their own taxes within the colonies.

Explanation:

It is from a website

Which of these attempts at maintaining peace in the world was the most successful ? Which of these attempts at maintaini ? Explain your reasoning

Answers

The correct answer is the United Nations Peacekeeping Forces

Explanation: They  are multinational military forces established by the United Nations with the approval and objectives designated by the United Nations Security Council to act in areas of armed conflict. Its participants are known as blue berets or blue helmets.


After the President appoints a new Supreme Court justice, which committee holds hearings to consider the qualifications of the appointee?




the Appeals Court Judiciary Committee


the House Judiciary Committee


the Senate Judiciary Committee


the Executive Judiciary Committee

Answers

Answer:

The answer: the Senate Judiciary Committee.

Explanation:

The power of the President to appoint a new Supreme Court Justice is under Article II, Section 2, Clause 2 of the Constitution of the United States of America. This is confirmed by the Senate Judiciary Committee. There are actually no particular set of requirements for the nominated person, it only depends on the will of the President.

The Senate Judiciary Committee supervises the Department of Justice, thus they try to check the nominated individuals who will provide service to Justice. They will hold hearings whether they will approve or reject such nominations. This is the power that the Senate has.

Answer:

the Senate Judiciary Committee // gradpoint

Explanation:

To whom is Faulkner addressing his speech

Answers

Answer:

The correct answer is: up-and-coming young writers.

Explanation:

William Faulkner's Nobel Prize Acceptance Speech was addressed to all up-and-coming young writers, "already dedicated to the same anguish and travail, among whom is already that one who will someday stand here where I am standing".

In his speech, he talks about the young people who have forgotten the problems of spirit and human heart, and he invites all young writers to write about these things in order to be able to make good writing.

William Faulkner gave this speech at the Nobel Banquet at the City Hall in Stockholm, on December 10, 1950, after receiving the Nobel Prize in Literature.

Answer:

Young writers

Explanation:



“The state of monarchy is the supremest thing upon earth. For kings are not only God's lieutenants upon earth, and sit upon God's throne, but even by God himself they are called gods. There be three principal similitudes that illustrate the state of monarchy. One taken out of the word of God, and the two other out of the grounds of policy and philosophy. In the Scriptures kings are called gods, and so their power after a certain relation compared to the divine power. Kings are also compared to fathers of families, for a king is truly parens patriae, the politic father of his people. And lastly, kings are compared to the head of this microcosm of the body of man.”


- excerpt from “King James VI and I,” Speech to Parliament (1609)

The source displays which method that rulers used to effectively administer their states?

A) Rulers adopted practices to accommodate religious diversity in order to utilize contributions of different religious groups.


B) Rulers used religious ideas, art, and monumental architecture to legitimize their rule.


C) Rulers recruited and used elites and professionals to maintain centralized control.


D) Rulers used tribute collection and tax farming to generate revenue for rule.

Answers

The source from King James VI and I's Speech to Parliament reveals that rulers, such as monarchs, used religious ideas and the divine right of kings to legitimize and justify their rule. The correct option is : B) Rulers used religious ideas, art, and monumental architecture to legitimize their rule.

The excerpt from King James VI and I's Speech to Parliament (1609) exemplifies how rulers justified their power and position by invoking the divine right of kings. This political and religious doctrine asserts that a monarch is granted the authority to rule directly from God, and thus, their power is absolute and unquestionable.

Historically, monarchs have used various methods such as religion, symbolism, and rituals to legitimize their rule and establish order within their realms. The source clearly shows that this method of administration involves using religious ideas to support the sovereignty of the monarch, thereby answering the student's question with option B) Rulers used religious ideas, art, and monumental architecture to legitimize their rule.

Which of these economic indicators would be most
useful for determining the rate of inflation?
A. the prime interest rate
B. the unemployment rate
C. Consumer Price Index (CPI)
D. Gross Domestic Product (GDP)

Answers

Answer:

GDP(Gross Domestic Production) is used to detect inflation in the nation.

Explanation:

GDP is a round figure of production of the nation which means taxes, wages, salaries, imported money, foreign exchange currency etc. that all comes under  GDP. Through GDP, the nation concludes its inflation and production rate of the country. GDP also affects the stock market. GDP used to analyse performance of a country in a year. The next year’s budget is based on GDP which helps to bring economic reforms for the next economic year.
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