What were the 7 Major causes of the Great Depression quizlet?

Terms in this set (10)

Buying on Credit.
Underconsumption/ Overproduction.
Unequal Distribution of Wealth.
Margin Buying.
Stock Market Crash.

What were the causes of the Great Depression quizlet?

(1929)The steep fall in the prices of stocks due to widespread financial panic. It was caused by stock brokers who called in the loans they had made to stock investors. This caused stock prices to fall, and many people lost their entire life savings as many financial institutions went bankrupt.

What are the 7 causes of the Great Depression?

What was the Causes of the Great Depression?

Irrational optimism and overconfidence in the 1920s.
1929 Stock Market Crash.
Bank Closures and weaknesses in the banking system.
Overproduction of consumer goods.
Fall in demand and the purchase of consumer goods.
Bankruptcies and High levels of debt.
Lack of credit.

What are the 6 causes of the Great Depression?

Causes of the Great Depression

The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion.
Banking panics and monetary contraction.
The gold standard.
Decreased international lending and tariffs.

What were the causes of great depression Class 10?

Causes of Great Depression

Tight monetary policies adopted by the Central Bank of America.
Stock market crash of 1929.
The failure of banks, which was the impact of the stock market crash as more people withdrew their savings from the banks leading to closure.
Reduction in purchases due to diminished savings.

What are the 6 causes of the Great Depression quizlet?

List the 6 causes of the Great Depression. Overproduction, Canadian reliance on exporting staple products, Canadian dependence on the United States, economic protectionism, internal debt from WW1, stock market crash.

What are the causes of great economic depression?

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.