Causes of the Great Depression Outline

Thesis: The Wall Street Crash was not a major cause of the Great Depression of 1929. The major causes of the Depression would be the failing of industries, and the crisis in the farm sector.

I. Main Point 1: Industries
a. major business lost money
b. caused homes to crash
c. people were homeless, jobless, and in debt.

II. Main Point 2: Crisis in the Farm Sector
a. demand for crops soared
b. farmers boosted production in the hopes of selling more crops
c. between 1919 and 1921 annual farm income had declined
d. farmers went into debt
e. this caused banks to fail, which put poeple in debt for losing their money in banks, which caused people to lose their jobs, etc.

Conclusion: Both the Crisis in the farm sector and the failure of Industries were the major causes to the Depression, and were also major parts to creating the Wall Street Crash that topped off the whole Depression.