Great Crash of 1929 Outline

Great Crash of 1929 Outline - Andrew Tran 323366 Per. #5...

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Andrew Tran 323366 Per. #5 3/15/06 Describe the causes of the great crash of 1929. Why did it come so unexpectedly? Thesis: The Great Crash was unexpectedly caused politically, through poor political actions, practices, ideals, and leadership by the Presidents; economically, with bad investment policies as well as too much debt throughout the nation; and socially, over- speculation caused people to unwisely believe the stock market will help them become wealthy. POLITICAL: -government does very little to control business in boom years -high tariffs may have protected American industries but hurt farmers -tariffs also decreased international trade -global powers depended on each other -World War I and other war debts were not repaid. -over expansion -foreign bank businesses failed and foreign investments declined ECONOMICAL: -over production by farmers and factories, driving prices down – weak economy -severe weather and long drought add to farmers’ difficulties -factories and lands were shut down
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This note was uploaded on 04/07/2008 for the course HIST 101 taught by Professor Wormer during the Winter '08 term at UCSD.

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Great Crash of 1929 Outline - Andrew Tran 323366 Per. #5...

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