-
Period: to
Overproduction
-Two types: industrial and agricultural
-After the war they didn't reduce the levels of production --> surplus of products --> more supply than demand --> prices fell --> more unemployment
--> BANKRUPTCY <-- -
Period: to
Speculation on the stock market and excessive bank credit
-During 1920s people and companies bought shares with loans from the banks (way of getting quick profits)
- Increasing demand led to an increase in prices and speculation
- Their real value wasn't reflected: some companies were in bankrupt