What caused the Great Depression? How did the Great Depression affect the world?

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History

Tiara

2 April, 02:32

What caused the Great Depression? How did the Great Depression affect the world?

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Ariel Newman · Answer 1

The depression was caused by the stock market crash of 1929 and the Fed's reluctance to increase the money supply.

The Great Depression affected all aspects of society. By its height in 1933, unemployment had risen from 3% to 25% of the nation's workforce.