Top 5 Causes of the Great Depression - 0 views
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Sh'nay Holmes on 05 Oct 13This site provides a brief synopsis of the top 5 causes for the Great Depression that occurred during the 1930s. The stock market crashed, banks stop giving out loans, many people loss their wages because their funds were not secure in the banks. With high unemployment rates, people stopped stop shopping inventory began to accumulated. This caused a ripple effect to other businesses. The rise on import taxes reduced business transactions with foreign countries. This site mentions the drought in Mississippi Valley although it did not have a direct effect. However, it prevented people from paying their taxes and other debts. They also had to sell their farms for no profit to themselves.