One can try to imagine a world of simplicity, happiness and, no worry of what the day before would bring tomorrow. During the roaring twenties most of America believed there were no future regrets. However, when obtaining optimistic views motivated poor money choices. At the time to most American’s the decisions remained non-threating, overall though when the 1940’s would come, their future regrets would as well. The causes for the Great Depression was unwise banking, overproduction and the stock market’s crash.
Following the "trend" tends to repeat throughout history, notwithstanding the twenties which seemed aspired in Stocks. However, when the population of buyers increases at a significant rate, this causes speculation. Granted the market succeed …show more content…
When the roaring twenties had hit, most European countries cultivated a dependency on America’s hospitality. Farmers produced more crops to satisfy the multiple mouth, as did the industry. Devastatingly though, Europe grew irritated of American selfishness by “imposing” taxes, “Europe fought back by imposing the same tariffs on American goods which led to a loss of trade between the two continents” (Document 1). Considering the dependency on Europe to satisfy the overproduction, the domino effect takes place. An article puts the concept into simpler and efficient terms, “which led to overproduction of food and as a result the price of food started to decrease rapidly as there was too much stock” (Document 1). Basically, the food not used, rots and thrown out. This means that farmers fall to make ends meet to plant next season putting them out of business. Industry had an easier time where the production could just stop, granted production stops along with cheaper prices, the employees will suffer due to a job loss or decrease in pay. Overproduction in conclusion lead to job losses, and businesses shutting
Following the "trend" tends to repeat throughout history, notwithstanding the twenties which seemed aspired in Stocks. However, when the population of buyers increases at a significant rate, this causes speculation. Granted the market succeed …show more content…
When the roaring twenties had hit, most European countries cultivated a dependency on America’s hospitality. Farmers produced more crops to satisfy the multiple mouth, as did the industry. Devastatingly though, Europe grew irritated of American selfishness by “imposing” taxes, “Europe fought back by imposing the same tariffs on American goods which led to a loss of trade between the two continents” (Document 1). Considering the dependency on Europe to satisfy the overproduction, the domino effect takes place. An article puts the concept into simpler and efficient terms, “which led to overproduction of food and as a result the price of food started to decrease rapidly as there was too much stock” (Document 1). Basically, the food not used, rots and thrown out. This means that farmers fall to make ends meet to plant next season putting them out of business. Industry had an easier time where the production could just stop, granted production stops along with cheaper prices, the employees will suffer due to a job loss or decrease in pay. Overproduction in conclusion lead to job losses, and businesses shutting