Seminar paper from the year 2018 in the subject Business economics – Economic and Social History, grade: 1.5, , language: English, abstract: This research paper will provide a comprehensive overview of the causes of the Great Depression and explain why it lasted for so long.
The Great Depression of 1929 was one of the most remarkable economic challenges in the United States of America that were experienced throughout the early 20th century. The effects of the Great Depression of 1929 were not felt in the United States of America alone, but also in the whole world. Before, the start of this economic crisis in 1929, economy of the United States of America had flourished increasingly to reach a stable status owing to the extensive international trade links that the U.S had established with overseas countries.
Economists cite some economic problems in the economy of the U.S to be the principal causes of the Great Depression. Some of these causes include the World War I, the U.S economic policies and the operations of the Federal Reserve System.
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