Great Depression (aug 1, 1929 – apr 4, 1933)
Description:
- Causes of Great Depression:- Wages risen little comparing to the increase in corporate profit
- Speculating on stock market, buying on margin
- Over-production by business, workers with low wages cannot afford goods
- Farmer suffered overproduction, high debt, and low prices
- Government did not regulate business
- Weak European economy
Added to timeline:
Date:
aug 1, 1929
apr 4, 1933
~ 3 years and 8 months