How did the Dawes Plan contribute to the Great Depression ???
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The Dawes Plan, a restructuring of Germany's repararations debt, involved American banks making loans to Germany, which then used the money to pay Britain and France, which then used the money to repay the United State.  Thus, it drew the American financial system further into Europes problems, and when Germany couldn't pay either its loans or its reparations, American banks suffered the default of German, French and British loans simultaneously.
522019
Because of the Great Depression
189136
Actually, during the Great Depression, many of the rich got richer, and the poor got poorer.  The entire political system of the US was in turmoil.  The Great Depression ushed in an era of social responsibility, hence Social Security and Welfare.
83663
The years preceeding the Dust Bowl were very good.  The farmers were booming and they started buying more land to plant more crops.  They started taking out loans to buy the land and machines.  Then there was a drought.  They had all this land that they cleared for crops and and the crops died.  So when the plants died from lack of water and the wind came it blew all that loose dirt everywhere.  So there was little food and everything was dirty.  If they had no crops to sell they didn't have money.  Loans on the property and machinery started to foreclose.  This was one factor of the Great Depression.  Now if you drive through a state like Oklahoma you will see a single row of trees planted.  These are called windbreaks.  It is supposed to prevent loose dirt being blown around again.
928776
Check out this Wikipedia article:  http://en.wikipedia.org/wiki/The_Jungle .  Your answer is there.  \n\nAs a side note:  When people think of the Jungle, they think how hard it is for poor people to survive in an Industrial economy that uses them.  During the Great Depression, the government began providing social programs to help the poor and needy to find jobs and support their families.
186972
I know that prohibition was a big one. The recovery from WWI had alot to do with it also, and the depression. We had 65% unemployment in some areas of the Country. America was crippled from Taft's legislation, and the control of the banks. The Banks couldn't cover the money, that was put into their banks, it wasn't there, "HUH". I would start there.
312250
1.) By helping kill the Bank of the United States, he effectively neutered any chance to moderate the Economic Cycle of booms and busts until after the Federal Reserve was established after the Depression. It also put the power in local and state banks - who often played less conservatively with their funds, which lead them to a stream of bank failures whenever the economy had a downturn.\n\n2.) The spoils system, which Jackson meant to use to prevent bureaucratic entrenchment, ended up making every Federal jobholder beholden to political figures, which effectively increased corruption and often meant that jobs were held by political favorites, rather than anyone with actual skill.  This system would later especially harm the Indians - as the various government contracts related to Indians were supplying horribly substandard product, which in turn led to Indian unrest...which lead to more Indian fighting.\n\n3.) Jackson was not *against* the Indians - but he obviously understood that you couldn't have pockets of Indian land surrounded by white settlers, without an endless stream of problems where Federal troops would be forced to mediate between white squatters and Indians. It was very hard to expect Federal troops to fire on white squatters (who were violating the law) to protect Indian land rights.\n\nBy relocating Indians off Eastern land, he effectively ended the cycle of land speculation that had gripped the Eastern States since before the Revolution - where squatters and politicians were constantly trying to lay claims to land that was obviously Indian land, betting that the Government would enforce it. With most Indians tossed out except for those that had reservation, it gave a great deal of stability.\n\n4.) Jackson's efforts to crush the Federalists helped the Democrats push for lower tariffs in 1832 and 1833, which greatly helped foreign trade, until Whigs passed a tariff act in 1842 (the Black Tariff) that knocked international trade with the US in half.
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It has to do with the way the economy works.  George Bush has given tax cuts to the rich.  He did this because he believes (as his father and Reagan did) that if the rich have more money, they will use it to create more businesses so that they can get richer; a theory known as "trickle-down economics."  The natural side effect of more business should have been more jobs, because you need people to run those businesses.  Makes sense on the surface.  And it worked to a point, there are more businesses and the ones already there have more money.\n\nWhat this theory doesn't take into account is how businesses operate.  Businesses by nature struggle to hold onto as much money as they can.  They hire as few employees as they can at as low a rate as they can to put together the cheapest materials they can get without risking a lawsuit into a product that the businesses force the employees to make as quickly as possible (to avoid overtime) that they will then charge as much as the possibly can at the market.  So very little money is trickling down into the middle and lower classes.  Added to that, the businesses are charging outrageous prices but on products we need, so we are also having to pay more even though wages have stagnated.\n\nThis creates a huge problem.  Those formerly of the middle class having had no wage increase but definitely having price increase have slipped more and more into the lower class.  That is why the rich/poor gap is getting wider.  The businesses have money, which is attracting the rich shareholders and so that bumps the Stock market way high; and yet the money isn't getting to the consumer and so the economy is still very sluggish, because the consumer (who is also the employee) has no money to put into the system.\n\nWhich will soon provide another problem.  Pretty soon now the middle class (which will essentially be a poor class) will no longer have the money no matter what they do and the products being bought will drop off.  This will damage the businesses, and the people will begin to starve or be without clothing or shelter.  It may even have the potential to create a new Great Depression, because the money will no longer be going through the system.  Incidentally, the first Great Depression (which occurred in the 1930's) started immediately after one of America's stock market hit very high in the 1920's.  This is a bad sign actually that the market went so high so quickly, if something isn't done soon we will be in that Depression again.\n\nWhat we need to do is get the money to the poor and middle classes.  They have to spend the money to clothe and feed themselves (something businesses don't have to do).  We do this by taxing the businesses with capital gains taxes and estate taxes, while dropping property taxes (which still help the rich, but help the middle class far more).  We need to raise the minimum wage so that more employees have more buying power.  And I know this is counterintuitive, but welfare helps.  Giving money to the poor ends with them using that money to give to businesses to get their food also, so it still gets back to businesses who can then use it to pay more employees.  No matter where you cut taxes, it always gets back to the companies; but if you give it to the rich it will only help the rich.  If you give to it to the poor, it helps everyone.\n\nImmigration strangely enough helps out as well.  Those immigrants don't use welfare (no matter what you are told) because they don't want to be on a government list that is checked often and could end in their deportation (which they avoid at all costs).  So they work because they have to.  They take that money and immediately put it into businesses so they can feed and clothe themselves, so it always goes back to creating more business which helps everyone.  But it does so by forcing the businesses to put money back into the system (which they wouldn't do on their own).  Bush is
136111
< The Great Depression was a massive global economic recession (or "depression") that ran from 1929 to 1941. It led to massive bank failures, high unemployment, as well as dramatic drops in GDP, industrial production, stock market share prices and virtually every other measure of economic growth. It bottomed out in 1933, but it would be well after World War II before such indicators as industrial production, share prices and global GDP could surpass their 1929 levels.
1074302
There are cyclical theorists that have charted American history in 80-year cycles (I recommend the book "The Fourth Turning" by William Strauss and Neil Howe).  If their 80-year cycles hold true, then the U.S. will face another Great Depression/World War II-level crisis within the next 5-15 years.  Every time the U.S. faces a crisis like this, it runs the risk of bringing about the end of our nation (or at least as we know it.)  How long will Pax Americana last?  No idea, but we'll have our next challenge soon.
440323
Why don't you simply google "stock market great depression" and see what you get. I just did and there is a ton of info. out there.
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Truman was in power to begin with and almost let the poor people starve to death during the depression.\nI am 63 and my Mother told me that during the depression the poor people almost starved to death. She and her family were poor and so were her friends and extended family , so she knows.\nAfter being elected Franklin D Roosevelt, whose family was extremely wealthy, but still had the soul to recognize that the working poor was treated very very bad and the wealty were treated extremely well.\nHe then created social security, and created the CCC's that gave jobs to those who could not find one. He was probably the first president that cared about the working poor and other less fortunates in this country. \nToo bad George Bush is attempting to undo all the good Roosevelt accomplished. George Bush is ONLY concerned about power and money and the people that have it.
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The stock market crash in late 1929 was widely believed to have sparked the Great Depression. The US stock market was a bubble in 1928-29 with overvalued stocks. On October 19, 1929, the Dow Jones average lost 500 points in one day. \n\nFurther, some of the nation's banks failed to maintain adequate reserves while investing in the stock market or lending money to clients who were. By 1932, stocks had declined by 80 per cent. Companies could no longer obtain finance to maintain new investment and consumers cut back spending due to declining incomes. One third of US households had been seriously affected with many breadwinners losing their jobs. \n\nSource(s):\n\nWikipedia Causes of the Great Depression\nhttp://en.wikipedia.org/wiki/causes_of_t...\nWikipedia Great Depression\nhttp://en.wikipedia.org/wiki/great_depre...\nThe Crash of 1929\nhttp://www.btinternet.com/~dreklind/thec...
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Yes, there were cars during the Depression. Cars continued to be manufactured in those years as well.\n\n(The Great Depression occurred in the 1930s. The Edsel was introduced in 1959).
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1.  Roosevelt responded to the Great Depression by creating new federal agencies and making new jobs for people\n\n2  One of those things was creation of the Social Security system, so that old people could retire and leave jobs that could be taken by younger people\n\nBonus:\n\n3.  Roosevelt led the nation during the Second World War.\n\nNow, do you homework!
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It was an 85% decline. That is the dollar amount also. \n\nWhat you're asking for is the dollar amount of the stock market at that time, then you would already know how much it was after the crash. You can do simple math, correct?\n\nThe day of the crash was a big decline, but nothing compared to the three years that followed. Which time frame do you prefer? Black Monday was also followed by Black Tuesday. How about the Black Thursday preceeding? Your question is not precise enough for a precise answer.\n\nThe weeks and months leading up to October 28, 1929 was a time of cheap interest rates, unstable margin rates, and speculative frenzy. \n\nThe "wealth" you refer to was mostly paper profits, not money. It seems you are using a TV Talking Head to define your terms. Money in the banks also got wiped out during the Great Depression, but not on the day you are referrring to.  And how much "wealth" was obtained on margin (borrowed) prior to Black Monday? How much was short?  As it stands, your question is really irrelevant. \n\nOne day is a flash in the pan. How much wealth was wiped out in the Great Depression that followed? Now, what about worldwide? That was the biggest wipeout of wealth in the history of mankind, and let's hope it's never repeated.
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The Great Depression was a worldwide economic downturn, starting in 1929 and ending in the mid or late 1930s. Almost all countries were affected. The worst hit were the most industrialized, including the United States, Germany, Britain, Europe, Canada, and Japan. Cities around the world were hit hard, especially those based on heavy industry. Construction virtually ended in the United States and other countries. Farmers and rural areas suffered as prices for crops fell by 40-60%. Mining and lumbering areas were perhaps the hardest hit because demand fell sharply and there was little alternative economic activity.