Causes of the Great Depression Outlind

Prompt: To what extent was the Wall Street Crash a cause of the Great Depression of 1929? Support your argument with specific examples.

Thesis: The Wall Street Crash was a effect of the great depression becuase it helped cause the great depression but there are more reasons for the great depression then the wall street crash.



I. Farmers
a.They produced more then they could sell
i. since people were not buying things they stopped producing
b.consumeres could/would not buy expensive goods
ii. farmers go into debt

II. Industries
a. railroads not making profit
i. they were being bought out by cars, trucks, buses.
ii. They werent making money so they went into debt
b.Mining and lumbering
i. No longer needed becuase war was over
ii. nobody bought them
c.Coal mining
i.being bough out by new energy like fuel, natural gases, hyderoelectric power
ii.these were new energys and were buying out coal mining

III: Wall Street Crash
a. Consumers loosing money
i. 3o billion was lost
b.People loosing jobs
i. trying to get money from banks but had lost so many in the stock markets that they couldnt pay back the money.