-Trade Problems, - Decline in Old Industries, - Farming Problems, - International Debt, - Stock Market Speculation and Lack of Regulation, - Unequal Distribution of Wealth
1 of 5
What were the Trade Problems?
-Production Rises: Surplus couldn't be sold abroad; - Republican Protectionism led to raising of taxes and retaliation -> cut off international trade; - Surplus Agricultural produce couldn't be sold abroad (links to Farming Problems)
2 of 5
What were the Farming Problems?
- Out of 5280 farms, there were 3500 foreclosures; - Crops devastated by natural disasters E.G. Bollweevil Plague; - Farmers didn't cut production after WW1 -> overproduction + lowering prices; - Average income was $477 below the national average
3 of 5
Why did International Debt lead to the Depression?
-Devaluation of British and French currencies made U.S. goods more expensive in Europe; - Great Britain and France didn't have good enough economies to pay back war debts owed to the U.S.
4 of 5
What were the issues with Stock Market Speculation and Lack of Regulation?
- 1927: FRB lowered
5 of 5
Other cards in this set
Card 2
Front
What were the Trade Problems?
Back
-Production Rises: Surplus couldn't be sold abroad; - Republican Protectionism led to raising of taxes and retaliation -> cut off international trade; - Surplus Agricultural produce couldn't be sold abroad (links to Farming Problems)
Card 3
Front
What were the Farming Problems?
Back
Card 4
Front
Why did International Debt lead to the Depression?
Back
Card 5
Front
What were the issues with Stock Market Speculation and Lack of Regulation?
Comments
No comments have yet been made