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What Caused The Great Depression Essay

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Causes of The Great Depression

The Great Depression was the worst economic downturn in history. The Great Depression affected everyone's lives. The Stock market crash of October 1929 signaled the beginning of The Great Depression. Children were ripped from their homes and people lost their jobs. The Great Depression caused bank failures, severe unemployment, and children's lives to be affected.

During the Great Depression, the banks were affected. It caused many of them to fail because of deflation. Bankruptcy was also a problem then, because of the stock market crash. This caused many people to want to get their money and led to bankruptcy. From 1930-33, about 1,000 banks had to close. While these banks were closing it also made many
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