Describe in detail 3 main reasons why the Great Depression came to being?

Answer:

Deflation

The Great Depression, which generally is considered to have begun with the stock market crash in October 1929, changed the way America worked 12. At the end of the Roaring Twenties when the stock market and the economy soared, the crash appeared inevitable in retrospect. More goods were being produced than were needed, and without people to buy them, jobs disappeared. The event was a part of a spiral that ended with production of materials for World War II. Deflation, the opposite of inflation, occurs when the basic value of money goes up. When too many goods are available, the price goes down, so money essentially is worth more. For example, during the 1920s, there was a dramatic expansion of office space in cities, particularly New York City. This meant that office space could be found all around the city, so prices went down--but no one was occupying the space. A prime example is the Empire State Building, begun in 1930 and opened in 1931. Its 102 stories went largely unoccupied throughout the Depression, and the building did not become profitable until 1950 12.

Demand

During the 1920s, the United States was furiously producing products from automobiles to radios that were being purchased largely on credit. By 1929, the markets were saturated with such products and demand began to fall. Because of the runs on banks and the frantic sell-off of stocks, credit became hard to get even for those wanting a new car. Once there was a major backlog of products no one was buying, there was little money coming into the companies that made the products. This resulted in massive layoffs of workers throughout the country. Without income--and there was no unemployment insurance before Franklin Delano Roosevelt’s New Deal in the 1930s--people began to lose their homes and had little money to buy anything other than food. Demand for products and services dried up, which led to even more unemployment.

During the 1920s, the United States was furiously producing products from automobiles to radios that were being purchased largely on credit.

Because of the runs on banks and the frantic sell-off of stocks, credit became hard to get even for those wanting a new car.

Unemployment

Because no one had any money to buy products, the people who built the products were out of work. They also had little money to buy anything, and the spiral continued. Social programs were not government-run at the time, so there were few places to turn to for help other than religious and other charities. They, too, were strained by the sheer numbers of people turning up for bread and soup. The companies had no money coming in, so many of them folded. Those that remained had few workers. By 1933, nearly 25 percent of the workforce was unemployed.

Because no one had any money to buy products, the people who built the products were out of work.

Social programs were not government-run at the time, so there were few places to turn to for help other than religious and other charities.

Explanation:

Who created better reforms and policies for Rome, Julius or Augustus Caesar

In which region of the US is Wyoming located?

Midwest
Southwest
Rocky Mountain
Pacific Northwest

The Fall of the Soviet Union marked the dissipation of this Communist power after the end of the Cold War. False True

What evidence shows that Clay is an entrepreneur?
A)
He has bills to pay
B)
He owns his own house,
He likes to eat sandwiches.
D)
He decides to open a sandwich shop,

who is more famous mj or jfk

What is the symbol of the Republican Party?

A. Horse

B. Donkey

C. Elephant

D. Lion

Please answer school ends super soon please help me I COULD FAIL

The debate at the center of the two excerpts from the St. Petersburg times represents a broader political divide between which of the following two groups?

Why was the economic system of manorialism used in the early Middle Ages?

PLS HELP! IM IN THE QUIZ RN!

The first Arab-Israeli war resulted in

A. UN censure of Israel.

B. the emergenee of nationalist leaders in places such as Egypt and Iran.

C. the discrediting of the Israeli government.

D. Israeli control of the West Bank and the Gaza Strip.

PLEASE HELP, HISTORY QUESTION HERE!! SEE PIC BELOW!!!!!!

Who were the parties in El Salvador's civil war?

1. How were architects and builders of the Renaissance influenced by both classical and humanist ideas?

what did louis XIV build

O desenho retrata a fazenda de São Joaquim da Grama com a casa-grande, a senzala e outros edifícios representativos de uma estrutura arquitetônica característica do período escravocrata no Brasil. Esta organização do espaço representa uma a) estratégia econômica e espacial para manter os escravizados próximos do plantio. b) tática preventiva para evitar roubos e agressões por escravizados fugidos. c) forma de organização social que fomentou o patriarcalismo e a miscigenação. d) maneira de evitar o contato direto entre os escravizados e seus senhores. e) particularidade das fazendas de café das regiões Sul e Sudeste do país.

how much is the iphone 6 worth in honduras???

Which famous general was defeated at the Battle of Little Bighorn?

Robert E. Lee

Ulysses S. Grant

George Armstrong Custer

Which provinces border Ontario?

Before 1913 and the passage of the 17th Amendment, senators were selected by state legislatures. who has the power to elect senators today?

Conquistadores came to Central America to conquer it for _____and to gain great
riches.

France

England

Portugal

Spain

When did the Battle of Midway take place?


six months after Germany surrendered

six months before the attack on Pearl Harbor.

six months before Germany invaded Poland

six months after the attack on Pearl Harbor

where did the treaty of verseilles get signed

What was a criticism of the USA Patriot Act when first enacted?

What was NOT a cause of World War I?
A) Alliances
OB) Nationalism
O C) Isolationism
D) Militarism
OE) Imperialism

PLSS help


What was the outcome of the debate on Social Security reform?

The energy of the sun is transferred through plants and given to


A. producers.
B. consumers.

what factor changed Woodrow Wilsons opinion about entering WW1

Question 4 (1 point)
Cultural divergence is when is when one group starts purposely living in isolation from others.
True
False

what did the nazis decide to do about ridding their nation of jews as quickly as possible?

Ano ang pagkaunawa mo o nabuo mong ideya tungkol sa katarungang panlipunan?