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Pugh
6 February, 09:11
The main cause of the Great Depression were
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Chivas
6 February, 11:52
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The main cause was the Stock Market Crash of 1929.
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Freckles
6 February, 12:01
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The outburst in economic wealth and growth. The Great depression lasted from 1929 to 1939.
#1 - Stock Market Crash of 1929
#2 - Bank Failures
#3 - Reduction in Purchasing Across the Board
As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans; repossessions and evictions were commonplace. More and more inventory began to accumulate.
#4 - American Economic Policy With Europe
#5-Drought Conditions
The economic devastation of the Great Depression was made worse by environmental destruction. A years-long drought coupled with poor farming practices created a vast region from southeast Colorado to the Texas panhandle that came to be called the Dust Bowl.
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