When did the great depression start? How did affect the world or what were the causes and consequences of 1929 economic depression?
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Explanation:
Great depprision was started in 1929
There were many causes of the Great Depression that included the following:
Irrational optimism and overconfidence in the 1920s
1929 Stock Market Crash
Bank Closures and weaknesses in the banking system
Overproduction of consumer goods
Fall in demand and the purchase of consumer goods
Bankruptcies and High levels of debt
Lack of credit
Unequal distribution of wealth
US Economic Policies & Policies of Protectionism and Isolationism
Loss of exports
Failures by the Federal Reserve
The 1932 Drought, Dust storms and the Dust Bowl
Mass Unemployment caused by all of the above
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