Causes of the Great Depression Outline

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

Thesis
I. Main Point 1
a. Evidence 1 that supports Main Point 1
i. further supporting details
b. Evidence 2 that supports Main Point 1
II. Main Point 2.... and so on.

Thesis-
The great depression was the outcome of many events . The decline in the arguiculture, tariffs and war debt tht cut down forgien market for American goods, the poor credit, as well as the wall street crash.

Main Point 1: Agriculture
i. Farmers go into debt, cant pay back loans which lead to banks taking land, but going broke becuse they do not get paid back.
ww1 is why they took out loans, trying to meet th egrowing demand. After the warteh demand went down, farmers couldnt make money so they bumped down the prices and no one bought it. Went bankruped and the bank took their land.


Main Point 2: Credit
People used credit to buy all these ice new things, then relized they couldnt pay it back.
The economy would tank because a lot of people were not paying what they owed so the country would lose money.

Main Point 3: Wall Street Crash
Wall street lost tons of money becasue of SPECULATION! which is a form of gambling. People who borrow money, buy shares then sell them for more money.
MARGIN- People could put money down and not pay the whole thing up front hoping that they would make enough on their stick to pay it back and then some. When the economy tanked no one had the money to pay back what they owed, people didnt want to buy stocks so pretty mucb there was no money there at all.

Main Point 4: Tariffs and war debt
HAWLEY SMOOT TARIFF- reduced foregin goods coming into the U.S that way investors would not buy foregin products they would buy stuff from home.
This led to other countries not being able to buy things from the U.S because the tariff was so high.
Some industries were badly hurt, unemployment rises, no goods to Europe who has all our money that we lended them in WW1
Other countries made their tariffs high to, to get back at the U.S