Essay What Caused The Great Depression

In 1929, the United States economy appears to be good and strong, at the moment; all Americans have some extra money or credit to buy some extra goods. The good economy was reflected in the Stock market, profits were big, more and more people invested in Stocks. In addition, farmers produced more wheat, cotton, corn, etc. and industries produced more goods that the needed to supply the country (over production), farmers’ and industries owners’ ambition make them produce more and more crops and goods. Americans using credit to buy goods they can’t pay, everyone investing all its savings on the stock market, overproduction on farm and industry area, plus America's new way of think, and other economic factors, make the economy of the country less strong, produce more unemployment and as result pushing the country into the Great Depression.

By the start of the great depression Japan had already began losing several major trading partners. Therefore their number of exports had decreased drastically, leaving many Japanese people unemployed . Famine had also began to take it's effect due to rice crop failure. To make matters worse Japan was running out of natural resources putting a halt to their industrial revolution. So in 1931 Japan invaded Manchuria, China in hopes to start creating an Asian empire and obtain more resources such as oil, rubber and slave labor. As Japan began invading more areas of China and Asia they took pride in their successful war leaders and developed a collective consciousness of their military accomplishments. Soon the Japanese government was military operated and their passion and dedication to nationalism had

There are some main causes The great depression, first in 1934 per week They made $ 4.80 per week and They paid $ 3 by The incomes of Their Homes, all that happened to Birmingham Alabama in 1934, in Chicago everything rises for The men and The women for the food , And then spent $ 1.10 that was spent on food in stores, The three cases are The three cases were The financial downfall, low wages, and unemployment.

Japan also played a big role in the outbreak of World War II. Japan suffered significantly in the Great Depression, especially when China and the United States both placed trade barriers on Japanese imports. During the 1930s, the military established almost complete control over the government. Many political enemies were assassinated, and communists persecuted. Indoctrination and censorship in education and media were further intensified. Navy and army officers soon occupied most of the important offices, including the one of the prime minister. The military-dominated government was determined to create an empire in Asia. In 1931 Japan followed the example of Western nations and forced China into unequal economical

Although Japan changed in many ways from 1853 to 1941, there were also many factors that remained the same throughout the history of Japan. One such continuity was the maintained existence of a figurehead ruler controlled by other political authorities. The feudalistic emperor of Japan was the supposed “highest, most powerful authority” in the land, but was actually controlled by the military leaders- the shogun. Similarly, the militaristic emperor of Japan decades later continued to remain a figurehead ruler controlled by military and government officials. In addition, Japan continued to remain reliant on exports in order to maintain its economy. As a result of Japan’s small geographical size, the island nation had few natural resources and was forced to rely on exports to survive economically. The nation also grew increasingly reliant on other nations to provide materials and supplies that it could not provide for itself. This complete reliance on other nations was seen illustrated when the Japanese military was provoked to attacking another superpower- the United States, in response to the 1940 United States embargo

The United States began to reach outward for trade, showing interest in Japan. Almost forcing the country to begin to trade with the U.S.

The economic expansion of the 1920’s, with its increased production of goods and high profits, culminated in immense consumer speculation that collapsed with disastrous results in 1929 causing America’s Great Depression. There were a number or contributing factors to the depression, with the largest and most important one being a general loss of confidence in the American economy. The reason it escalated was a general misunderstanding of recessions by American policymakers of the time.

After 1927, consumer spending declined and housing construction slowed. Inventories piled up, and in1928 and 1929 manufacturers began to cut back on production and lay off workers. Reduced income and buying power in turn reinforced the downturn. By the summer of 1929 the economy was clearly in a recession. Although the stock market crash and its immediate consequences contributed to the Great Depression, longstanding weakness in the American economy accounted for its length and severity. Agriculture, in particular, had never recovered from the recession of 1920-1921. Farmers faced high fixed costs for equipment and mortgages incurred during the high inflationary war years. At the same time prices fell because of overproduction, forcing farmers to default on mortgage payments and risk foreclosure. Because farmers accounted for about one-forth of the nations gainfully employed workers in 1929, their difficulties weakened the general economic structure. Other industries also had experienced economic setbacks during the prosperous 1920s. The older industries such as textiles, mining, lumbering, and shipping faltered, newer and more successful consumer- based industries, such as chemicals, appliances, and food processing, proved not yet strong enough to lead the way to recovery.

In the 1920s, American economy had a great time. The vast majority of Americans in 1929 foresaw a continuation of the dizzying economic growth that had taken place in most of the decade. However, the prices of stock crested in early September of 1929. The price of stock fell gradually during most of September and early October. On “Black Tuesday” 29 October 1929, the stock market fell by forty points. After that, a historically great and long economic depression started and lasted until the start of the Second World War. The three causes of the Great Depression are installment buying, uneven distribution of wealth and the irrational behavior in the stock market.

Many people think that the Great Depression was caused solely by the stock market crash. Anybody who tells you this probably didn’t pass U.S. History in high school. The fact is, the Great Depression was caused many different factors. Four of which were overproduction, uneven distribution of wealth, protective tariffs, and the four “sick industries” of the 1920’s.

Many people speculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929. By looking at the stock market crash of 1929, bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The Great Depression was caused by more than just the stock market crash. The effects were detrimental beyond the financial crisis experienced during this time period.

The Great Depression was a decade of poverty for many United States citizens. Starting in 1929, The Great Depression was a rough time not only for the U.S. but for many other countries. There are many causes for the Depression but the main cause was the combination of the greatly unequal distribution of wealth throughout the 1920's and the extensive stock market speculation(Gusmorino, 1). Other causes were the unsteadiness of the stock market, short signed economic policies, overdependence on mass production, consumer spending, advertising, welfare capitalism, and high tariff. The effect on the country of the imbalance in the economy threw the U.S. into an era of negativity.

Japan’s growing nationalism and imperialism scooped the nation up to its feet, In 1931 “Japan launched its first plan by invading Manchuria, Manchuria was the first step in Japan’s imperial expansion” (Work Cited 2). On 1937 Japan launched a full scale war on China. The U.S started transporting resources to China and cutting off export of raw materials and oil to Japan, moves clearly intended to oppose Japan’s expansion. The embargo was seen as a serious threat to Japan’s goals of imperial expansion and to overcome this obstacle Japan began to conquer Asian Pacific territories that were rich in raw materials and oil. “Almost 70 percent of the country’s supply of zinc and tin, 90 percent of its lead, and all of its cotton, wool, aluminum, and rubber had to be imported from other countries” (John F.

The aftermath of war with Russia led Japan into lacking essential raw materials, land, and a full supply of food. (Ben Pi et al. SS 20IB) “Japan was an emerging industrial power in the early 20th century, but lacked sufficient domestic supplies of iron and coal to sustain its desired development. Japan, a nation of islands, believed that it was approaching its maximum density and had continued to cast hungry glances at the Asian mainland as a potential target of expansion.” (United States American

The initial spell of the implementation of the Dodge Plan caused Japan to enter into recession, which resulted in an increase in