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Financial Crisis Was The Main Cause Of The Great Depression

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financial crisis is not a strange thing nowadays. It has been expanding and getting bigger on the geographical side and it reached the largest from 1929 to 1933. The world economy has from time to time been hit by crisis situations, and nowadays crisis is most presumably not the last one. Be that as it may, a few elements joined to make this one the most serious crisis since the Great Depression of the 1930s, including macroeconomic issues, disappointments in budgetary markets and weakness is obvious in applying the policies.
In the past years the policies of macroeconomics consist or include some causes of the crisis. while, failures that happened in the financial system, especially in America (The US), which was the main reason for this issue. These defeats were caused because of the impairment of the financial system, also the economic and regulations of economics …show more content…

In this paper below will explain some causes of the crisis in general then will discuss the GCC crisis in brief.
Financial crisis is caused because of different factors and there are three main branches which are policy implementation and regulatory failures, financial market causes and macroeconomic causes but will focus more on the financial market. Starting by macroeconomic causes and it’s including the low interest rate and low inflation. there 's a term called the Great Moderation which will be simplified by saying

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