The principal reasons for the Great Depression are :
- the decade of the 1920s' speculative boom.
- 1929 stock market collapse
- Problems with overproduction and oversupply.
- Lack of demand and rising unemployment
- mistakes made by the Federal Reserve.
- A limited presidential response.
<h3>
What was the great depression?</h3>
Between 1929 to 1939, there was a severe global economic crisis known as the Great Depression. It started as a result of a sharp decline in American stock values.
The Great Depression Facts:
- Between 1929 and 1933, the stock market experienced an almost 90 percent loss in value.
- During the Great Depression, 11,000 banks failed, leaving many people without any savings.
- Around 3% of the population was unemployed in 1929.
The Great Depression saw a 40% decline in the average family income.
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One major scientific idea of the Scientific Revolution is how its revolutionized abstract reasoning and quantitative thought which helps to understand things better,
<h3>What is the Scientific Revolution?</h3>
This was a period of significant change in scientific thought that took place during the 16th and 17th centuries.
The revolution led to the replacement the Greek view of nature that dominated science for almost 2,000 years.
In conclusion, the scientific revolution was highly important because it gave rise to new ways of thinking or criticism and also paved the way for much of the understanding of science that we have today.
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We still are on rocky relations with Russia today, which is most likely the result of the Cold War and the fall of the Soviet Union.
