The Great Depression
The Great Depression was the greatest economic slump to ever occur in US history. The depression began in late 1929 and lasted throughout the following decade. Several factors played key roles in bringing about the depression. However, the most significant and direct causes were those of the unequal distribution of the wealth throughout the twenties, and the extensive stock market speculation that took place during the latter part of that same decade.
The former cause was a problem that affected the world on many levels from different social classes to entire countries. This imbalance of wealth created a greatly unstable economy. The other main cause, stock market speculation, kept the market artificially high and appeared very inviting for those wishing to invest. However, the market eventually took a terrible turn for the worst causing the capsize of
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