View Causes of the Great Depression and over 3,000,000 other topics on Qwiki.
Summary
Buying on margin, over production, market crash, tariffs were main causes.
_Causes of the Great Depression
1.Buying on margin
2.Overproduction (agriculture)
3.Stock market crash in 1929
4.Protectionism - tariffs
-Canada exported wheat and newsprint and with tariffs, it was big loss.
-Exports went down so international markets were going down
2.Overproduction (agriculture)
3.Stock market crash in 1929
4.Protectionism - tariffs
-Canada exported wheat and newsprint and with tariffs, it was big loss.
-Exports went down so international markets were going down
Unemployment
_-Factories and business started closing
-Many lost homes
-many Shanty towns
-Factories and businesses closed creating unemployment
-people started getting on underneath the trains for place to sleep
-Riding the rods
-many died from this
-Many lost homes
-many Shanty towns
-Factories and businesses closed creating unemployment
-people started getting on underneath the trains for place to sleep
-Riding the rods
-many died from this
_Drought on the Prairies
_-As wheat market died, many farmers suffered
-Dorught also started in 1928 and lasted for 8 years
-Top soils blew away by the winds and it was really bad to breathe in
-To help this, Prairie Farm Rehabilitation Administration Act - 1935
-built water supplies
-Dorught also started in 1928 and lasted for 8 years
-Top soils blew away by the winds and it was really bad to breathe in
-To help this, Prairie Farm Rehabilitation Administration Act - 1935
-built water supplies