What are the causes of the Great Depression 1929-1933?

The Great Depression began for reasons that have not yet been specifically identified. The most common theory explaining the origin of this phenomenon is the lack of cash. As you know, at the beginning of the 20th century, money was printed in accordance with the reserves of gold, and by the time of the Great Depression, most of the cash was already in the hands of a narrow circle of wealthy people. Because of this, the majority of the country’s residents developed a shortage of money, so the consumer minimum fell, the demand for goods decreased, which led to unemployment and other consequences.



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