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the top caused of the Great Depression

The Great Depression lasted from

1929-1939. What caused the Great Depression,

the worst economic depression in the history of

the United States? The truth is that is not

possible to point to just one factor. Instead a

combination of domestic and worldwide

conditions led to the Great Depression. The

effects of the Great Depression were

detrimental across the world. Not only did it

lead to the New Deal in America but more

significantly, it was a direct cause of the rise of

extremism in Germany leading to World War

II.

It is not possible to give a definitive list of all

the causes of the Great Depression. Here

instead is a list of the top reasons that

historians and economists have cited as causing

the Great Depression.

01

of 05

Stock Market Crash of

1929

Many believe erroneously that the stock

market crash that occurred on Black Tuesday,

October 29, 1929 is one and the same with the

Great Depression. In fact, it was one of the

major causes that led to the Great Depression.

Two months after the original crash in October,

stockholders had lost more than $40 billion

dollars. Even though the stock market began to

regain some of its losses, by the end of 1930, it

just was not enough and America truly entered

what is called the Great Depression.The Great Depression lasted from

 

1929-1939. What caused the Great Depression,

 

the worst economic depression in the history of

 

the United States? The truth is that is not

 

possible to point to just one factor. Instead a

 

combination of domestic and worldwide

 

conditions led to the Great Depression. The

 

effects of the Great Depression were

 

detrimental across the world. Not only did it

 

lead to the New Deal in America but more

 

significantly, it was a direct cause of the rise of

Related Post

 

extremism in Germany leading to World War

 

II.

 

It is not possible to give a definitive list of all

 

the causes of the Great Depression. Here

 

instead is a list of the top reasons that

 

historians and economists have cited as causing

 

the Great Depression.

 

01

 

of 05

 

Stock Market Crash of

 

1929

 

Many believe erroneously that the stock

 

market crash that occurred on Black Tuesday,

 

October 29, 1929 is one and the same with the

 

Great Depression. In fact, it was one of the

 

major causes that led to the Great Depression.

 

Two months after the original crash in October,

 

stockholders had lost more than $40 billion

 

dollars. Even though the stock market began to

 

regain some of its losses, by the end of 1930, it

 

just was not enough and America truly entered

 

what is called the Great Depression. Bank Failures

Throughout the 1930s over 9,000 banks failed.

Bank deposits were uninsured and thus as

banks failed people simply lost their savings.

Surviving banks, unsure of the economic

situation and concerned for their own survival,

stopped being as willing to create new loans.

This exacerbated the situation leading to less

and less expenditures




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    Zayn Meek

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    • In America, the Great Depression happened. We hope it never happens again! The main lesson to take away from this economic event is to never risk your life savings.

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