794422
Description
Mind Map by izzykersley01, updated more than 1 year ago
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Created by izzykersley01
almost 10 years ago
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Underlying Economic
Problems contributed
to the Wall Street Crash
- Wealth was distributed unequally
- Rising profits were not passed on to workers, so some people were
too poor to spend and so there was less demand than production
- Rising profits were not passed on to workers, so some people were
too poor to spend and so there was less demand than production
- Overproduction
- After too much had been produced companies
started to lay off staff, leading to unemployment
- More was being made than needed
- After too much had been produced companies
started to lay off staff, leading to unemployment
- Banks were largely unregulated
- Expensive loans
- People had been borrowing money in
the 'boom' time to buy shares, but
loans couldn't be repaid after the crash
- People had been borrowing money in
the 'boom' time to buy shares, but
loans couldn't be repaid after the crash
- Bad market for American goods
- Barriers to trade (like tariffs)
- European countries had suffered after the war
- Barriers to trade (like tariffs)
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