Causes of the Great Depression

Reduction in Purchasing Across the Board

Hoarding Money

Sticky Prices/Wages

The Gold Standard

Reconstruction Finance Committee

Smoot Hawley Tariff

New Deal

Second New Deal

Decreased International trade.

Opened opportunities for farmers to effectively help banks with the shortage of money

Companies were able to sell their goods overseas but couldn't get enough profit

Foreign countries were able to help America with their economy

Inflating the money supply too much

Raising interest rates during a contraction

Ignoring the stock market bubble

Stock Market Crash

Hitler invades Poland

Riots break out across America due to poverty

Banks begin failing and taking money from Americans

It led to the New Deal in America

It caused the rise of extremism in Germany and Japan

It had no significant effects

It improved the economy

To provide federal aid to the economy despite growing costs

Reduce taxes on big businesses in hopes it would stimulate job growth

Lower federal spending to maintain a balanced budget

Decrease foreign competition in the economy

eliminated poverty in the US

extended the merit system in the civil service

destroyed the private enterprise system

increased the size and power of the Federal Government

Relief

Reform

Retribution

Recovery

Pro-business tax breaks would solve the problems associated with urban poverty.

Government must assume more responsibility in maintaining a strong economy

Rugged individualism must be allowed to solve social inequality.

Government must assume more responsibility for helping the poor.