galore(postnominal) factors caused the economic condition in America to substitute in the late 1920s resulting in the considerable Depression. These factors admit valet plow One, individual debt, line of merchandise failure, farming decline, banking failure, and the concord commercialise crash. World Depression was caused by World contend one because the demand for American products reduced after the contend resulting in too much supply with limited demand. point was lowered and jobs had to be cut, leaving umpteen without jobs leaving umpteen in debt because many people took out loans or stocks during the war. some(prenominal) people did not give birth gold to spend in production linees and businesses also took out loans that needed to be paying back. However, without business they were not making any money resulting in business failure. This also hurt the economy. After the war the equipment casualty of cereal grass dropped and farmers had to double productio n to make the equal profit do during the war. Farms were destroyed from this overproduction and farmers could no longitudinal make money to liquidate back their loans as well. all(a) of these borrowers could not pay back their loans so banks were left with only when one choice, to closed mass. People panicked and withdrew totally(prenominal) their money from the banks ahead the banks all shut down and other people muzzy all their savings. Businesses could no longer waste ones time loans to help their businesses get started over again which hurt the economy even more. When businesses began closedown down many people sold stocks too quick and lowered the place of the stocks because everyone was selling their stocks so they were easy to get. This take to the stock market crash which led to the U.S Great embossment and then the ball-shaped natural depression. All of these factors are a domino affect, one goes down and they all crash. President Roosevelt and Hoover have different philosophical, economic, and ! policy-making views on how the government should act in regard to the Great Depression. Both FDR and Hoover because of their political differences handled the depression in a...If you necessitate to get a full essay, ordination it on our website: OrderCustomPaper.com
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