What are the causes of the great depression of 1929-1933?
Question asked by: knowitall
There are many contributory factors to the Great Depression as indeed there are often are with such profound depressions and periods of economic downturn.
Here are some major causes of the Great Depression:
The major cause was the way in which wealth was distributed - basically, very unequally between the different social clases.
As a result, the economy crashed after stock market crashes which had remained artificially high.
It was also a reaction in part to the unsustainable growth and period of prosperity in the roaring 1920s, as so-called, where manufacturing and output soared so quickly.
The disparity of wealth made the economy so unstable that the depression was an inevitable consequence.
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