What Caused the Great Depression? Essay - 1182 Words.
The Great Depression was one of the darkest economic times in American history, that ultimately helped the nation reinvent itself. The three main cause of the Great Depression were Uneven wealth distribution, Major consumer debt, and Speculation by many investors.The ramifications of the 1890’s depression were circumscribed by comparison with the Great Depression. In the 1930’s, national economies were sorely tested and shaken to their foundations. Economic and social statistics unequivocally attest to the chronic condition of national economies in industrialised nations during the period of 1929-1939.The Great Depression Essay: Causes and Influence All the sources that contain information about the Great Depression claim that it was the most dynamic, deepest, and longest depression. In most countries it began in 1929 and lasted until 1939. It was the most uncompromising Depression.
The Cause and Effects of the Great Depression speculate that the stock market crash of 1929 was the main cause of The Great Depression. In fact, The Great Depression was caused by a series of factors, and the effects of the depression were felt for many years after the stock market crash of 1929.The Great Depression was caused by the stock market crashing, from overproduction and underconsumption, and from the banks lending out too much money. These three things combined led to the worst economic disaster in history.
The credit system was abused by consumers causing great U.S debt and contributed to the Great Depression Lastly, but equally important, overproduction of goods contributed to the downfall of the economy. The bussiness cycle: A cycle or series of cycles of economic expansion and contraction, took a role in the prosperity of the economy of the 20s.
