The causes of the Great Depression are: inflation, protectionism, and the stock market crash. The effects of the Great Depression are: the failure of banks, the failure of businesses, and the worldwide economic crisis.
What is the Great Depression?
It was a severe worldwide economic depression that occurred between 1929 and 1939. It all began after a major fall in stock prices in the United States. This economic contagion began and became known worldwide on Black Tuesday, the stock market crash of October 29, 1929.
The causes behind the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; and many more.
Therefore, the causes and effects of the Great Depression are identified.
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