The major cause of the Great Depression was the collapse of the stock market.
<h3>What is Great Depression?</h3>
Great Depression refers to the economic breakdown of the united states in 1929 and 1939 which led to the serious recession in the economy. This incident took first time in the history of the industrialization.
The economic breakdown began with the crash in the Stock markets where millions of the people had their investment and it led to the panic situation in the Wall streets.
The depression led to the fall in the production of the output and which raised the prices of the commodity. There was the tremendous increase in the level of unemployment.
Learn more about the Great depression here:
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Talk about the three G's; Gold, Glory, and God.
Also, at the time, land was equal to power. The more land you had, the richer you were. This is a social and political reason, as well as economic.
Hope this helps you. Ask any questions if you need to!
He is best known for d<span>iscovering North America</span>
