1. Causes of the Great Depression
Lack of government regulation on businesses and the stock market leading to the crash on Black Tuesday.
Overproduction of goods leading to falling prices and the failure of businesses.
Unequal distribution of wealth.
Overuse of credit and high debt.
Depressed agricultural sector and drought.
High tariffs (trade taxes on imported goods).
Warm Up Questions:
Which of these causes might still be problems today?
Do you think that America could have another Great Depression? Why or why not?