The Great Depression

The Great Depression was a layover from October 29, 1929 to around 1940, crocked to when the U.S. entered public fight II. This period was an economic depression that was started by the Stock Market crash. Such a catastrophic term span has many different causes that can all come to and combine. The Great Depression had many underlying causes that started originated after World War I. A series of events, including the economic boom of the 1920s were contributors to the Great Depression. World War I came to an end in November of 1918, when the Treaty of Versailles was signed. This treaty ended the fighting and of many new(prenominal) results, it put the blame on Germany for the struggle. This resulted in Germany having to pay major(ip) reparation fees and put Germany in a financial hole. The treaty took away parts of Germanys trim back and made it impossible for them to use their natural resources to profit from. The nub that Germany had to pay back was more then they could, and this started a arrange re proceeding for the transfer of money. In 1924, The Dawes Plan was signed into action and the U.S. became a creditor nation. Germany owed around 32 gazillion in war reparations. They were unable to pay this, so the U.S.

loaned Germany money, with that Germany paid European countries War Reparations, and with the reparation money they received, U.S exports were able to be bought. This benefited the U.S. because the loans would have to be paid back with interest, and it let the economy experience a boost because goods were able to be exported. The Dawes Plan boosted the American economy, trance facilitating other European countries attempts to reestablish a stable financial state after World War One. This time period in the 1920s is referred to as the roaring twenties. The nations jibe realized income rose from $74.3 billion in 1923 to $89 billion in 1929 (Gusmorino). While this was a good thing at the time, it would lead to negative results later. When the Dawes Plan of 1924 was signed... If you want to get a full essay, order it on our website: Orderessay

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