Cause Of Great Depression

Cause of great depression The following are many of the theories as to the causes of the Great Depression: *The Stock Market wreck of 1929 as a trigger- On October 24, 1929, share prices on fence in Street collapsed catastrophically, setting off a chain of bankruptcies and defaults that rapidly spread overseas. Economic instability had been growing for some time, however, the meeting of the Crash of 29 was notable because Wall Street was where the wealthy of atomic number 63 had increasingly banked their gains.

The Crash would dramatically reduce the total plowshare of wealth held by the very top of the economic scale, and would take in financial difficulties for many of them. * A maldistribution of purchasing power- Another supposition holds that the fundamental maldistribution of purchasing power, the greatly unequal distribution of wealth throughout the 1920s, caused the Great Depression. According to this view, wages increased at a rate that was a fraction of the rate at which productivity ...If you want to get a full essay, place it on our website: Ordercustompaper.com

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