Answer:
https://quizlet.com/134513210/great-depression-causeeffect-flash-cards/?i=nb6rp&x=1jqY
Explanation: look there
Causes:
-stock market crashing
-overproduction
- collapse of money supply
-Smoot Hawley Tariff raised imported items to become expensive; Herbert Hoover is the one to blame for signing.
Effects:
- the lowest point in the Great Depression was in 1933; fifteen million (25% of all workers and 37% of nonfarm workers) were unemployed and almost half of the country’s banks closed.
-By 1932, riots and hunger marches were very common
-African Americans suffered more than white people since their jobs were taken away and given to white people
-Children had to take on many responsibilities
-Upper-middle class professionals even struggled when they lost up to 40% of their income
-Households experienced a new level of frugality (had to learn inovated ways to save money)
-Many families kept small gardens with vegetables to survive
-pices have dropped and profits plummeted, sending the economy into further spiral.
-Worldwide Gross Domestic Production ) sunk by 15%.
-International trade halved, especially as construction halted in many countries.
-Small farming and rural communities suffered exponential losses, bringing key industries to a halt, only serving to contribute to the further stagnation of the economy.
