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Mnemonic learning Y11 - 10 causes of depression

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Mnemonic Learning XThe USA in Depression What caused the depression in America?
CRACK C - Crash R - Reserve A - Annoyed by Tariff C - Cycle of Depression K - Kick to the poor
C - Crash The Wall Street crash of 1929 caused share prices to massively drop – not a massive problem in itself. However the banks had loaned people money to buy shares and now they could not get their money back. This meant that many banks went bankrupt, and half of US businesses was damaged, so the whole US economy suffered. R - Reserve ,[object Object]
In 1931 the Reserve raised interest rates – which led to a reduction in the money supply.  ,[object Object]
Once the Depression had taken hold, it simply spiralled down worse and worse.,[object Object]

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Mnemonic learning Y11 - 10 causes of depression

  • 1. Mnemonic Learning XThe USA in Depression What caused the depression in America?
  • 2. CRACK C - Crash R - Reserve A - Annoyed by Tariff C - Cycle of Depression K - Kick to the poor
  • 3.
  • 4.
  • 5.