Causes of the Great Depression | Daily Bellringer

[@KongSunWu]

1) The US implmented trade barriers. In response so did other contries. This caused international trade to fall. Less trade less jobs 2) Government implemented high taxes accross the board, including corporate tax. Tax rate for people with income over 5 million went to 75%. So people stopped investing in industry and purcased tax free gov bonds 3) Bank failures. Banks operate on marginal reserve. This means you deposit $10 then they loan out $9 and have $1 in reserve. If you ask for you $10 back they call in loans, loans can not be repaid and the bank goes broke. 4) Massive Federal intervention into the market place

[@rwarts5150]

I'm not the sharpest knife in the drawer but I believe the federal reserve is not a part of the federal government and the federal government had violated the Constitutional Mandate that requires our currency to be backed by gold & silver in order for the federal reserve to take control of our currency and begin printing money backed by nothing. If the federal reserve was a part of the federal government we wouldn't be paying interest ti print our own money this is why we can't even pay the federal reserve with the dollars they print we have to pay them with hard assets I'm sure I've got something wrong so let me know

[@lorinapetranova2607]

Maybe digging into the original rule or law and then coming forward to the time of fiat money and the loss of the petrodollars... what exactly Is the ... on Wall street does the dollar mean the same thing as Federal currency? How does something get declared Federal currency? What's the standard? Is it all become just another form of virtual Reality? The whole mess becomes muddied just like the judicial branch or system. Many blessings.

[@santoseyvean4777]

Hwo did these European countries boosted thier economy until today l want 2 know can any one answer me please

[@NosiphoMkhize-xi1xi]

Can you translate pllz

[@Sos_mir727]

Jk