- What do you know about the Great Depression? Explain the major factors responsible for the
Great Depression.
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Top 5 Causes of the Great Depression – Economic Domino Effect
The Roaring 20's. Before the world entered into an economic decline, the performance of the stock market was well above par, and the industrial output more profitable than it had ever been. ...
Ensuing Global Crisis. ...
The Stock Market Crash. ...
The Dust Bowl. ...
The Smoot-Hawley Tariff Act.
Explanation:
Lasting almost 10 years (from late 1929 until about 1939) and affecting nearly every country in the world, it was marked by steep declines in industrial production and in prices (deflation), mass unemployment, banking panics, and sharp increases in rates of poverty and homelessness.
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