The Main Causes Of The Great Depression

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The Great Depression was a long period of time where all businesses were in a slump. This was a huge economic crisis and the people involved had no idea how to react or cope with it. It eventually went global and everyone was behind effected by this economic crisis. Months before the Great Depression, the world had already been through the stock market crash. This crash didn't cause the Great Depression but it sped up the economy's collapse. By 1932 factory production was cut in half and thousands of businesses were failing. Banks then started closing and over 10 million people lost their savings. Finally, by 1933, a while forth of Americans had no jobs. The numbers steadily rose. This American collapse sent shock waves all over the world.

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