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What Is The Cause Of The Great Depression

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One cause of the Great Depression was the Stock Market Crash of 1929. The Stock Market Crash in return led to thousands of national banks failing, and billions of dollars lost in deposits (Barnes & Bowles, 2014). Americans become frightful of losing their cash, and they rushed to pull their reserve funds from their neighborhood banks.With minimal expenditure staying inside the banks created a destruction or closing of a significant number of the nation 's bank. The last result viewed as that the banks had fizzled. So battle such a cause it was chosen to the "end the country 's financial institution by President Roosevelt. Another reason of the Great Depression was that people lost their jobs. The way New Deal programs responded to these

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