Great Deprresion

The considerable picture The 1920s is the decade that started a rude(a) lifestyle, a lifestyle of luxurious spending and lavish partying. It is sometimes referred to as the Roaring Twenties or the Jazz Age, it is besides sometimes referred to as the Golden Twenties because of the economical gravy by-line World War I. During the 1920s every tender function was great and businesses were doing their best in this industrial boom, unless when the years reached 1929 a tragedy occurred, along with other factors, that triggered the capacious economic crisis through-out the 1930s. The major(ip) causes of the Great Depression were: The backing on consultation lifestyle, overproduction/tariffs, and the stock foodstuff crash of 1929. Living on credit was a major cause of the Great Depression. recognition was a great thing back then, it was very promiscuous for raft to get some(prenominal) they wanted, all they had to do was pay later. just tidy sum were care slight, they w ere purchasing things they couldnt afford, therefore they couldnt pay it back. Companies lost bullion and demand. Debt increase while living on credit, families declared failure; soon they lost everything they owned including their homes. (Doc. H). Living on credit was one of the causes of the Great Depression because it affected the countrys economy.

While people were using their credit, currency wasnt apply as much, reducing the economic status. Overproduction/tariffs was also a cause of the great depression. another(prenominal) major cause of the Great Depression was overproduction/tariffs. This meant companies begin m either goods as people demanded. Soon people didnt want to buy any of that product any longer due to lack ! of money or a sassy product had hit the shelves. This caused banks to fail, which made businesses fail, and unemployment pass judgment go up (Doc. O). Companies lowered prices to get their products sold, losing large profits. Tariffs increased extremely because the U.S needed to import goods more than exporting goods. The U.S had less entry to goods from other countries (Doc....If you want to get a to the full essay, nightclub it on our website: OrderEssay.net

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