Causes of the Great Depression

nehemiasvargas
Mind Map by nehemiasvargas, updated more than 1 year ago
nehemiasvargas
Created by nehemiasvargas about 5 years ago
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Great Depression

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Causes of the Great Depression
1 Political Effects
1.1 FDR elected in 1932
1.2 New Deal programs increase govt. role in economy
2 Economic Effects
2.1 Deflation
2.2 Unemployment at 25%
2.3 Drop in production
3 Economic Cause
3.1 Agricultural overproduction made a lot of produce cheaper and not a lot of revenue
3.2 Widening gap between rich and poor
3.3 Stock market crash due to buying stock on margin
4 Political Causes
4.1 Hoover follows hands-off policy towards business
4.2 Few regulations in place over companies
5 Millions of people in the United States (and around the world) had no jobs
6 Countless people became homeless
7 Uneven Distribution of Wealth
8 Banking and Federal Reserve System Monetary Policies Failed to Support Failing Banks
9 9,000 banks closed their doors between 1930 and 1933
10 Businesses also lost money
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