Great Deppression

The great depression started towards the end of world war mavin. chairwoman Hoover was in the white house and to every iodin things were going good. the States played a big roll in the war, like funding other countries and letting them render us when they could and stuff. barely its there series of events that came on to bite u s in the but. When we started to lend money extinct we figured that we would be able to concentrate it back pretty much amend later the war. But the countries in Europe had to rebuild there countries so they couldnt pays us back. That gave us some problems later on putting into play the Fordney-McCumber tariff. This tariff raised tariff to an on the whole time high. This taxed imported goods a lot so we would bargain for only American stuff. Now the farmers during the war were expanding making food for thought to sell for everyone making some money but after the war came the down fall. Farmers started to compete and so they would take out loans to expand and get better machinery. Soon they started to over harvesting and so they had all this extra food that no one bought and it all went to waste and they lost money. then(prenominal) they couldnt pay the brim back and so they lost money also. With the industry cyclorama things were going pretty good and in 1926 it was at its best.

Then something happened that no one thought would everyone had cars and houses. But companies kept building and there was no need for it. So every one like business wise suffered because no pay was acquiring and then there were heap with no jobs. Then when people wanted a loan or something the banks just hand it out to any one who needed it. Then when they couldnt pay the bank back they bank lost that money and in all probability went out of business. Then there was an uneven income to. The farmers were struggling to pretend a living and the people with socks made the money. So the farmers couldnt reach any thing and they poor got poorer while the rich got richer. So from this happening the people would go to the bank and take... If you want to get a full essay, order it on our website: Orderessay

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