• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Why did the US suffer an economic depression in the 1920's?

Extracts from this document...

Introduction

Why did the US suffer an economic depression in the 1920's? In the 1920's life in America was good this was because of several different reasons, the one reason was immigration. Thousands of people from Europe and different places came to make a better life, ether they where poor and wanted to live the American Dream, where everyone profited. This didn't go well as over 860,000 people where coming in so the had to put laws on, the 2 main laws where 'immigration act' of 1917 and 'emergency quota act' of 1921. This made it that no one over 16 who couldn't read was let in, and that only 357,00 immigrants where let in. ...read more.

Middle

moved in front of them, different companies did this and made millions but kept doing it until everyone had a car so no more where needed but they kept making and not selling this lead to people loosing jobs so they didn't have the money to buy food, so the shop lost money and he fired his staff and his went on. Many companies lost money and closed down as they had overproduction. Another reason was because of trade with other countries was difficult as there was an import / export tax with high tariffs on. This stops them selling good to Europe, Asia and Africa. ...read more.

Conclusion

On Thursday 24th October 1929 shares fell faster and lower than any other time befor and since. For this it was named 'Black Thursday'. Shares went down over 200% and every second it dropped, people lost all there money. Companies like Radio where c505 and on that day they when down to c28, even worse that people had got the on the margin and they wanted the rest of there money back and the peple didn't have any so they had to sell there cars, homes nearly everything to pay them back. All these problems made the 1920's in America a bad time to live if you where poor. Laurence Noden 10AW ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE USA 1919-1941 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE USA 1919-1941 essays

  1. To what extent did America roar in the 1920s?

    Between 1920 and 1930 the number of farms declined for the first time in American history. More than three million farming families were earning less than $1000 a year and during the 1920s six million people left the countryside to live in the cities.

  2. What was it like to live during the 1920's in USA?

    She was Canadian born and stared in many films (silent and non silent). She formed united artists with Charlie Chaplin and D W Griffith. Rudolph Valentino was the screen idol of his day. He was an Italian born US actor and dancer.

  1. (Q1) Describe some of the key features of Americn society in the 1920's?

    This helped America prepare for its boom whereas the other countries such as Germany lost out in business because of their involvement in the First World War. Also, after the war Europe had to rebuild itself whereas since America was not attacked during the war, it did not have to rebuild itself.

  2. History Coursework 2 - The Great Depression

    Source D is an artist's opinion of the wall street crash which is expressed in the form of a drawing. The picture shows buildings collapsing which is meant to represent the collapse of the stock market on wall street.

  1. Did America in the 1920's "Roar" for everyone?

    A lot of silent movie actors lost their jobs if they had a funny accent so it didn't roar for them. In the 20's cinema tickets cost less than a loaf of bread so most people could afford to go and see the latest films.

  2. 'Nothing but economic depression and dole-queues.

    The definition of "poor" depending on the different people conducting these surveys therefore we must consider this figure not extremely precise. However it is true that an enormous line of people queuing for the dole in the streets was a common view and that poverty did increase.

  1. Did everyone suffer equally from the depression?

    Soon it cost more to transport food than the actual prices of food. So because of this, farmers could not pay their mortgages, and when the Sheriffs and mortgage collectors came, farmers started to scare them off with pitchforks and guns.

  2. The great depression.

    However, like all good things before the Depression, baseball would soon too feel the economic woes of the Depression. In response to the offensive explosion in 1930, the National League would implement changes in the game to cut down on the offensive productivity.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work