Causes of the Depression Flashcards
What is the first cause?
The Impact and Cost of War
What is the second cause?
Decline of Merchant Shipping Fleets
Why was there a decline of shipping fleets?
The boats had sunk
What is the third cause?
Growth in American Economy after WW1
Why was America a problem?
There was USA mass production and there were business deals being made which would eventually lead to Depression
What is the fourth cause?
Japanese Modernisation/Growth of Japanese Technology
What was the fifth cause?
The Industrial Revolution
What was the problem with British factories?
They were small and had out of date technology which could not meet the demands
What was the sixth cause?
German Chemical Factories
Why were the German chemical factories a problem?
They were at the height of their advances and we were struggling with our out of date factories
What was the seventh cause?
The Closure of Businesses
What did the closure of businesses mean?
Factories would too close down
What was the eighth cause?
Unemployment
What was the ninth cause?
Starvation
How was starvation a problem?
As more and more people were going into unemployment they could not afford to feed themselves
