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The Main Causes Of The Great Depression (1929-1941)

150 Words1 Pages
According to Shi and Tindall, there were many causes of the Great Depression (1929-1941). The stock market was one of the leading reasons as it crashed in 1929 which revealed there were structural flaws in the economy. Business owners also caused issues as they failed to provide appropriate wages for their employees thus causing the consumer purchasing rates to decrease and the unemployment rate to increase. The government had its hand with the Great Depression as well. Government policies such as high tariffs hurt the economy because it limits foreign trades. Another factor of the Great Depression that stands out is the Federal Reserve Board who is the government agency that was a central bank that managed the nation’s money. There were many

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