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The beginning of the Great Depression in the United States is associated with the stock market crash on October 29,1929, known as Black Tuesday.

The depression had devastating effects in both the industrialized countries and those which exported raw materials.

International trade declined sharply, as did personal incomes, tax revenues, prices, and profits.

Cities all around the world were hit hard, especially those dependent on heavy industry.

Construction was virtually halted in many countries.

Farming and rural areas suffered as crop prices fell by 40 to 60 %.

Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as farming, mining, and logging suffered the most at that time.

This was when Herbert Hoover was president of the United States.

In response to "What industries were already experiencing troubles prior to the start of the Great Depression?"...

There are more factors that contributed to the Great Depression than I have the time to list here but the manufacturing industry was in some trouble as production increased approximately 30% and wages only increased by 8% and cost of living stayed the same. Production costs went down quickly and the laborer's pay rose slowly causing the bulk of the profits to go into the "corporate pockets".

This created a large gap between the wealthy people and the middle class causing the economy to become unstable.

In the 1920's the radio and automotive industries seemed to be booming because of these new lower production costs and advances made to the assembly lines and products that happened during World War I. We began to overproduce and demand, simply, wasn't meeting supply. This led to the over abundance in credit. The best way to buy something you do not have the money for is to put it on credit. By the end of the 1920's 60% of cars and 80% of radios were bought on credit The banks began to give out loans that no one would be able to pay (much like our current mortgage situation.) As people couldn't afford the payments the industries plummetted.

The agriculture industry wasn't much better off in that department but the Dust Bowl Droubt left us in complete shambles. Crop fields were devastated yielding little wheat, corn, and cotton, commodities our economy thrives on. As supply dropped in agriculture the price for food and other staples began to rise with wage increase not meeting the demand.

I think I might have answered both questions on accident, I hope I was helpful...

The Great Depression did not begin in the 20's. But it had its origins in the 20's. The Crash of 29 simply announced to the country the beginnings of a financial collapse. The country had gone on a buying binge, lots of money to spend, new products available. Cars, radios, electrical appliances. Many invested in the stock market with adequate knowledge. There being few controls many invested unwisely and lost it all in the crash. The problem on farms began in the early 20's. Land was put under cultivation that had not been used before as it was poorer soil. But to feed Europe farmers plowed it up. But when Europe recovered they began to feed themselves. So the depression in rural areas came earlier.

Eventually buying slowed down, businesses were forced to lay off workers. And it was a downward spiral. Unemployment Insurance did not exist, one could have income week and not the next. Those people contributed by NOT buying to add to the slow down. There were very few controls on business and lots of failures came from lack of reserves. Especially banks which closed leaving depositors with nothing.

Now you are one your way with what is probably your homework for tomorrow. Good Luck

in keeping with danger the reason you're having a undertaking looking suggestions is by using the fact the super melancholy occurred interior the 30s. helpful, the inventory marketplace crashed on October 30, 1929, so there have been in basic terms 2 months of it interior the "late 20s." there is not any melancholy right this moment and the recession on no account compares to the super melancholy, inspite of the liberal whinings to the alternative. As for the paper you're meant to genuine detailing the comparing and contrasting, that is as much as you.

In the 1920s, I think expensive restaurants allowed their regular customers to put their orders on credit. Then, they started a card, some restaurants, that followed with credit cards.

In the late 1920s , companies who sold kitchen appliances and mechanical farm items like tractors saw a decline in sales. Appliances like stoves, but few people owned refrigerators. First, people keep appliances more than three years and it is something people can live without when times get bad.