USA HISTORY

AMERICAN IMPERIALISM(1890 1919)

CAUSES OF WORLD WAR I

[SOURCES]
The Great Depression ____

(A) is what happens when there’s no wifi.

(B) occurred in Russia in 1936 when a meteorite struck Siberia.

(C) causes World War 2 because everyone was tired of feeling down.

(D) ** was caused by the US stock market crash in 1929, and led to massive levels of unemployment.

EXPLANATIONS BELOW

Concept note-1: -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.

Concept note-2: -By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.

Concept note-3: -Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.

Concept note-4: -The stock market crash of 1929 had a devastating effect on the culture of the 1930s. As investors, businesses, and farms lost money, they started to shutter and lay off workers. Banks closed as well. The Great Depression began in the 1930s, leading to soup kitchens, bread lines, and homelessness across the nation.