chapter22karides


 * __ Chapter 22: The Great Depression __**







What triggered The Great Depression real bad was the Stock Market Crash. That was not the only problem though because the economy was already bad but this just hit home and made everything worse as well as families and people out there were just depressed hence "The Great Depression". Unemployment was not great what so ever and this went on from 1929 to 1940. There were banks and business failures during this time such as people taking their money away from the banks because they were so concerned and some also could not get their money because the bank had invested it into the stock market. All of this happened because the government did not protect peoples' accounts. Tons of business' got hit as well putting 90,000 of them bankrupt from the gross national product being cut in half from $104 billion to $59 billion. Causes of this tragic event include having a crisis in the farm area, availability of easy credit, distribution of income that wasn't equal, and tariffs and war debt policies that cut down the foreign market for American goods. These factors made demand for consumer goods, less.

__**Citations:**__
 * https://infogr.am/Comparison-of-the-Great-Depression - "Comparison of the Great Depression & the North American Economic Recession - Infogram, Charts & Infographics." // Comparison of the Great Depression & the North American Economic Recession - Infogram, Charts & Infographics // . Web. 27 Jan. 2016.


 * http://www.bloomberg.com/bw/articles/2013-02-05/warnings-of-the-great-depression-in-the-business-week - "Warnings of the Great Depression in 'The Business Week'" //Bloomberg.com//. Bloomberg. Web. 27 Jan. 2016.


 * http://josehist.weebly.com/usa-in-the-1930rsquos-the-great-depression.html - "USA in the 1930’s: The Great Depression." //History 12//. Web. 27 Jan. 2016.


 * Danzer, Gerald A. The Americans. Evanston, IL: McDougal Littell/Houghton Mifflin, 1998. Print.