Essay on the causes of great depression

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We haven't learned from out past so now we are destined to repeat it. All of the causes of the Great Depression is what we are experiencing it now. Hold on and cause its gonna get worse! Our economy fluctuates and will not always be balanced, and we are currently in a recession.
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The Great Depression was the most catastrophic event in U. It not only crippled the economy, but stunted political and social aspects of American life as well. Before the Depression, the twenties roared. The previous decade flourished after the slight recession following World War I, but overall made for a hopeful future. People celebrated the end of the war by spending money and enjoying all that life had to offer. This came to a screeching halt when the Depression hit in and would change the lives of Americans forever. There were many causes of the Great Depression with just as many effects that would change the lives of millions.
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Please join StudyMode to read the full document. Many people speculate that the stock market crash of 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 By looking at the stock market crash of , bank failures, reduction of purchasing, American economic policy with Europe, and drought conditions, it becomes apparent that The Great Depression was caused by more than just the stock market crash.
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It occurred in multiple countries, but it was the worst in the United States. In the United States, millions of people were affected by it, including the rich. During the Depression, the rich were still ok, but many of the poor and middle class families lost their jobs, homes, and money. Hundreds of thousands of people had to live Hoovervilles, which were shantytowns that were named after the President at the time, who many people blamed for the Depression. The Great Depression was the worst economic disaster to ever take place in the United States.
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