Causes of the Great Depression

musicalowl
Mind Map by musicalowl, updated more than 1 year ago
musicalowl
Created by musicalowl almost 5 years ago
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High School AP U.S. History (The Great Depression) Mind Map on Causes of the Great Depression, created by musicalowl on 03/03/2015.

Resource summary

Causes of the Great Depression
1 Post WWI Economic Boom
1.1 Business production grew faster than demand
1.2 Families took out loans to buy cars and home appliances
1.3 Overspeculation and risky investments in the stock market
1.3.1 Market loses value on Oct. 24
1.3.1.1 Nervous people flock to banks to withdraw money
1.3.1.1.1 Banks could not come up with the cash and fail
1.3.1.1.1.1 Low consumer confidence in the economy
1.3.1.1.1.1.1 Investors sell their shares
1.3.1.1.1.1.1.1 The Stock Market Crash of 1929
1.3.1.1.1.1.2 Consumers cut spending to save money
1.3.1.1.1.1.2.1 Sales fall
1.3.1.1.1.1.2.1.1 Businesses cut production
1.3.1.1.1.1.2.1.1.1 Workers are laid off
1.3.1.1.1.1.2.1.1.1.1 Unemployment reduces demand
1.3.1.1.1.1.2.1.1.1.1.1 Demand goes down further
1.3.1.1.1.1.2.1.1.1.1.1.1 Businesses cut production further
1.3.1.1.1.1.2.1.1.1.1.1.1.1 More unemployment
1.3.1.1.1.1.2.1.1.1.1.1.1.1.1 Families cannot pay off debts
1.3.1.1.1.1.2.1.1.1.1.1.1.1.1.1 The Great Depression
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