Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Causes of the Great Depression

No description

Lauren Foehr

on 29 November 2017

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Causes of the Great Depression

Causes of the Great Depression
Start of the Great Depression- Stock Market Crash
October 24, 1929: "Black Thursday"- people begin to sell stock
October 29, 1929: "Black Tuesday"people dump their stock at any price
1. Republican Policies: (Presidents- Harding, Coolidge & Hoover)
only concerned with American business making profits
protected U.S. business with high tariffs
hurt other countries trying to pay off war debt
2. Speculation of Stock:
people assumed stocks would always go up
"buying on margin": paid a small portion (usually 10%) of stock down payment and borrowed the rest
3. Farming Overproduction
Farmers ramped up production for WWI and never readjusted afterword
More supply drove down prices, giving farmers less profits
4. Bank Failures
Banks invested in the stock market, people defaulted on their debts
People tried to pull out their money, and it wasn't there
No guarantees or insurance on banks (there is today)
President Hoover's Response
Hoover was a self made man, felt Americans could pull themselves out of it

Hawley-Smoot Tariff
Tariff which was created to protect American businesses caused other nations to stop trading with us.

a. Unemployment rose to over 25%
b. By October 1930, 744 banks had failed and closed up shop
i. 9,000 US banks fail during the 1930’s
ii. $7 billion in citizens’ savings was lost

Full transcript