Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
What caused the Wall St Crash?
1. Why did the USA fall into Depression in 1929? By Mr Portman Even the greatest of machines CRASH!
2.
3.
4.
5. The Knock On Effect: The workers who produced the parts that were essential for cars and radios eg: Rubber and transmitter industries also suffered
6.
7.
8. Tariff Policy One way of getting rid of the goods that had been overproduced was to sell them abroad in areas like Europe. However, after WW1 the USA wanted to become isolated from the rest of the World. They did this by withdrawing from the League of Nations (Politically isolated)) and by putting tariffs (taxes) on foreign goods (economically isolated). This meant that American goods were much cheaper than foreign goods. However, other countries retaliated and put tariffs on American goods. This prevented any recovery by selling goods abroad. “ I’ve put a tax on your goods. That way people will buy American!” “ I’ve put a tax on your goods. That way people won’t buy American!”
![Introduction: ,[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)