Causes Of The Great Depression
Beginning of paper
The main cause of the Great Depression was a lack of understanding of economic systems. The Great Depression began in 1929, during Republican President Hoover’s watch. Many try to blame the worsening of the Depression on Hoover, for his deviation from Republican economic ideology. However, almos ....
Middle of paper
.... of the American economic system was revealed.
There were many things which contributed to the economic deterioration leading to the depression; lingering effects of WWI caused the government to cut back spending in order to balance the budget, resulting in a severe recession. The value of farmland falls 30-40 percent. Severe Declines in organized labor. Many workers lose their jobs as more advanced machinery makes them unnecessary.
The acute phase of the Great Depression began in October 1 ....
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Word count: 393
Page count: 2 (approximately 250 words per page)
