the causes: Hedge funds, banks along with insurance companies
effects: threatened to destroy the international financial system. it also. ended up causing several major investment- commercial banks and mortgage lenders and other financial companies to fail- or nearly fail. it also kickstarted the gread recession which occured from 2007 to 2009 and was the worst economic decrease since the great depression in thr 1930s
During the prosperous 1920's<span>, bank failures, together with low incomes among farmers and factory workers, helped set the stage for the </span>depression<span>.</span>