Analyze The Causes Of The Great Depression

After World War I on October 29, 1929 the stock market crashes causing much suffering to the economy and citizens known as The Great Depression. By this happening the country's banking system collapsed. People began withdrawing money from their banks but before that could happen banks began to shut down, 641 banks failed, the following year 1930 1,350 banks, by 1932 people began to believe there were no longer any banks to go to. As the people suffered those who went bankrupt where sent to the street hungry and homeless. The Great Depression was a time of great sorrow. There were many causes to The Great Depression but the main ones would be uneven distribution, over production of crops, credit hides problems, banks collapse and stock speculation. With these reasons The Great Depression was one of Americas darkest times.
To begin with, during WWI because the army need much food farmers had to increase production with doing so they had to purchase more land and more tools. But because they only have such limited amount of money they took out loans to purchase land and tractors/tools. After the war during the "Roaring 20's" crop demands decreased enormously. Because of this dramatic downfall
This happened because the stock market crashed causing many problems for those who bought stock. Everyone was happy in the 1920’s because of the good economy, but whatever goes up must come down. People never suspected such a downfall to come right after the Roaring 20’s, they were not ready to face such a difficult life. Some had lost everything, to even sell their jewelry and their furniture. While some got evicted and had to live in Hovvervilles or on the streets sleeping on benches and on abandoned train cars. This all happened because farmers over produce, uneven distribution, stock speculation, credit problems, and the banks