What Was The Cause Of The Great Depression

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The great depression lasted from 1929 to 1939. The great depression started after the stock market crash of october 1929. By 1993 when the great depression reached its lowest point 15 million americans were unemployed. Nearly half the country’s banks had failed. Throughout the 1920s, the U.S. economy expanded rapidly, and the nation’s total wealth more than doubled between 1920 and 1929, a period called “The Roaring Twenties”. They american economy entered a mild recession. There was stock exchange on wall street. The scene was reckless. As a result the stock market underwent rapid expansion. The stock market crash started on October 24, 1929. Five days later on “black thursday” 16 million shares were traded. Many americans forced

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