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

Answers

Answer 1

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:


Related Questions

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

Answers

Answer:

How were architects and builders of the Renaissance influenced by both classical and humanist ideas? Renaissance buildings were modeled on ancient ruins. They had Greek and Roman inspired features such as arches, columns, and domed roofs. ... Renaissance figures were realistic like classical figures, but with emotions.

Renaissance buildings were modeled on ancient ruins. They had Greek and Roman inspired features such as arches, columns, and domed roofs. Renaissance figures were realistic like classical figures, but with emotions. Therefore, Renaissance painters were influenced by the renewed interest in classical culture and the spread of humanism. They wanted to depict real people who were posed in lifelike ways and whose faces expressed emotions. They also wanted to include realistic settings. The result was a new style of painting.

what did louis XIV build

Answers

Answer: Louis XIV built the extravagant Palace of Versailles

Explanation:

Beginning in 1661, the king transformed the royal hunting lodge in Versailles where he played as a boy into a monument of royal opulence. In 1682, Louis XIV officially moved his court to the lavish palace at Versailles, 13 miles outside of Paris.

Hope This Helps!

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.

Answers

Answer:

c) forma de organização social que fomentou o patriarcalismo e a miscigenação.

Explanation:

Esse desenho retratava a organização espacial das propriedades no Brasil colonial e ele foi estabelecido dessa forma para reforçar as ideias de ordem patriarcal e hierarquia social que estimulava as ideias de desvalorização do escravo negro, enquanto valorizava o senhor da propriedade e as pessoas de traços físicos europeus.  Por esse motivo, a casa grande ficava no centro do tereno, reforçando a ideia de controle e superioridade dos cidadãos brancos, enquanto as demais instalações ficavam nos lugares mais perifericos do terrreno.

Obs: Perguntas em português devem ser postadas no campo "world languagens" porque esse é o servidor americano e não o servidor brasileiro, caso contrario a sua pergunta corre o risco de ser excluída.

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.

Answers

Answer:

The Answer is gonna be D. Israeli control of the West Bank and the Gaza Strip.

This is the Answer for your question :3

I hope you are having a great day ❤️❤️❤️❤️

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

Answers

Answer:

1.Pagpatay, ang buhay ay katarungan.

2. Pang-aagaw ng lupa, katarungan ang gumalang sa pagmamay-ari ng lupa.

3. Pang-aapi, katarungan ang pagkalinga at paggalang sa dignidad ng tao.

4. Diskriminasyon sa komunidad, katarungan ang respetuhin at maging ligtas sa komunidad.

Explanation:

Sana makatulong po.

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,

Answers

Answer:

The answer is D.

Explanation:

how, well in simplest form an entrepreneur someone who has or owns their own business

hope this helps :)

D is the awnser for your question

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

Answers

Answer:

definally the free soil 100%

Explanation:

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

Answers

Answer:

Battle of Midway, June 3rd to 6th 1942

Explanation:

World War II naval battle, fought almost entirely with aircraft, in which the United States destroyed Japan's first-line carrier strength and most of its best trained naval pilots.

The Battle of Midway was a major naval battle in the Pacific Theater of World War II that took place on 4–7 June 1942, six months after Japan's attack on Pearl Harbor and one month after the Battle of the Coral Sea.

Hope this helped!

Answer:

six months after the attack on Pearl Harbor

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

Answers

Answer:

A C and E

Explanation:

Answer:

I think it's

The power of the catholic church increased

Trade in Europe increased

Knowledge between cultures increased

could be wrong though

Explanation:

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

Answers

Answer:

Julius

Your welcome

where did the treaty of verseilles get signed

Answers

Answer:

Palace of Versailles

Explanation:

Jun 28, 1919 CE: Treaty of Versailles. On June 28, 1919, the Treaty of Versailles was signed at the Palace of Versailles outside Paris, France.

Answer:

paris, france

Explanation:

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

France

England

Portugal

Spain

Answers

Answer:

england

Explanation:

SANA MAKATULONG PO

IF IM WRONG

who is more famous mj or jfk

Answers

Answer:

jfk

Explanation:

Answer:

mj ppl talk more about mj than j f k

Explanation:

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

Answers

Us voters elect senator's today

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

Answers

Answer:

Criticism. Critics of the USA PATRIOT Act charged that several parts of the statute were unconstitutional or invited abuse by federal authorities.

Answer: it went too far in allowing the government to gather intelligence on private conversations of US citizens

Explanation:

Plato

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

Answers

I think it is c not sure tho
C) isolationism

if you’ve heard of the acronym “MAIN” for the causes of WW1, it’s militarism, alliances, imperialism, and nationalism

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

Answers

Answer:

I think it was democrats and republicans im not sure though

Explanation:

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

Answers

Answer:

Mass killing

Explanation:

sorry if its wrong but i think its right

they created concentration camps where they would murder a large group of people at once who were mostly Jewish or Romani. they also encouraged their citizens to report if they saw a jewish person or suspected someone was hiding them to ensure that they murdered as many jewish people as possible.

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

Answers

Answer:

false

Explanation:

Soviet Union has nothing to do with the US communist

what factor changed Woodrow Wilsons opinion about entering WW1

Answers

Hopes this helps:

Answer: German U-boat activity had forced the United States into the war.

Have a great day.
The sinking of the Lusitania by German u-boats changed Woodrow Wilson’s opinion about entering the war. Before this the people praised Wilson for being the president that kept them out of war.

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

Answers

Answer:

The estimate is about $14,000

Explanation:

About I would say 14,000

In which region of the US is Wyoming located?

Midwest
Southwest
Rocky Mountain
Pacific Northwest

Answers

midwest...............................
Midwest....................

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?

Answers

Answer: liberals and conservatives

Explanation: just took the test

Answer:

liberals and conservatives

Explanation:

a.pex

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

Answers

Answer: true

Explanation:

Which provinces border Ontario?

Answers

Answer:

Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, and Quebec to the east and northeast, and to the south by the U.S. states of (from west to east) Minnesota, Michigan, Ohio, Pennsylvania, and New York.

Explanation:

Hope it helps you:)

PLSS help


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

Answers

Answer:

To solve problems.

Explanation:

The outcome of the debate on Social Security reform was to provide information to the audience about the importance of  Social Security reforms and its role in the economy as well as on the individual. The debate was occurred in order to solve issues and problems related Social Security reform and to find out a solution which is better for the society as well as its people.

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


A. producers.
B. consumers.

Answers

Answer:

B

Explanation:

plants are the producers and plants cant each other. however, consumers get their energy from the sun though plants/producers

Answer:

If the plants are the ones who have turned the sunlight into energy then the answer will be:

A.Please give a five-star rating and thanks!

What is the symbol of the Republican Party?

A. Horse

B. Donkey

C. Elephant

D. Lion

Answers

Answer:

elephant

Explanation:

the answer to that is elephant which is option "C"

Elephant. the answer is C

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

Answers

Answer:

The economic system of manorialism was widely used in mediaeval Europe as a mechanism for landowners to lawfully maximise their profits while exploiting a peasant labour.

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

Robert E. Lee

Ulysses S. Grant

George Armstrong Custer

Answers

I think it’s George Armstrong that they defeated

Answer:

C. George Armstrong Custer

Explanation:

I think but not to sure i hope this helps :0

Have an amazing day children!

Other Questions
A ship moves 330 m after 40,000 j of work is done on it. What force is used to do this work? You have at most 8 hours to spend at a concert and at park. You want to spend at least 3 hours at the concert and more than 4 hours at the park. Find the slope of the line parallel to the line graphed.A) -1B) 0C) 1D) undefined Conscription into the armed forces is no longer practiced in the United States. Choose the best synonym for the underlined word in the sentence above. a. Drafting c. Commitment b. Running d. Women What 1 and 2 and 1 and 11 The lengths of the 2 diagonal of a rhombus are 24cm and 32cm what is the length of one side of the rhombus. Based on your answer to the first question, what were the specific causes of China's economic turn around? Find the mean (average) of {22, 24, 13, 37, 20. 16} Read the excerpt below and answer the question.I was powerful glad to get away from the feuds, and so was Jim to get awayfrom the swamp. We said there warn't no home like a raft, after all. Other places doseem so cramped up and smothery, but a raft don't.This excerpt provides an example of a(n)oxymoronallusionhyperboleparadox The managers of a brokerage firm are interested in finding out the effects of number of new clients that a broker brings into the firm on the sales generated by them. They sample 10 brokers and identify the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars. These data are presented in the table that follows: Broker Clients(X) Sales(Y) Calculation shows that 1. 27 52 n=10 2. 11 37 X = 260 3. 40 64 Y= 480 4. 33 55 X2= 7594 5 15 29 Y2= 24276 6. 15 34 XY =13377 7. 25 58 SSX =(X-Xbar)2 =834 8. 36 59 SST=(Y-ybar)2 = 1236 9. 28 44 SSE = (Y Yhat)2=271.241 10. 30 48 (i) Assuming a linear relationship, what is the prediction for the amount for sales (in $1,000s) for a person who brings 25 new clients into the firm? (ii) Calculate the standard error of estimate and interpret the result. (iii) Test at 5% level of significance that the number of new clients that the broker have enrolled in the last year is significant predictor of their sales amount. Completing Form 1040EZDirections - Please complete the Form 1040EZ below based on the following information:Tameka Hunt, 54 Center Street, San Francisco, California 96214-3627Her Social Security number is 999-00-3833. She works as a cashier part-time at PublixSupermarket. She is not claimed on another person's return. According to her W2, she earned$12,675.00 on last year.She is single and claims herself as an exemption. She has $155.00 in Taxable interest she earnedon a Certificate of Deposit. In addition, she had a total of $825.00 withheld in taxes. In addition,Tameka would like her refund to be direct deposited into her personal checking account. Shebanks with First California Bank. The banks routing number is 123321456. Her account numberis 654789987. Based on this information, complete the 1040EZ form for Tameka. (An IRS TaxTable is attached). Prompt: Research one sport played in another country (Cricket, Hurling, Netball, etc.). Describe how the sport is played. Then describe how learning a new sport from another country can help you understand their culture. The graph shows a linear function.10!8642-10-8-6-4-32410-6-104Which table of values has a smaller rate of change than the function in the graph?y-6X-6-7y3456OA..0151216039B.E-6 -8-403-52-481- 20 23114418 A car rental company charges $11 a day and 18 cents per mile to rent their cars. If the total charge for a 2-day rental was $61.60, how many miles were driven? Write and solve and equation. Please, help. Another iReady question. The length of a planet's day is determined by it's why doesnt tsotsi kill the woman and baby in bluegum tree Find the distance x rounded tothe nearest tenth. VilliGroup of answer choicesgenerate movement of materials in the large intestine.are found throughout the gastrointestinal tract.contain both smooth and skeletal muscle fibers.increase surface area in the small intestine.All of the choices are correct Why x rays have different properties from light even though both originate from orbital transition of electrons in excited atoms?