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The Great Depression was caused by a series of economic factors in the late 1920s and early 1930s. These included a farm depression as crop prices fell sharply, overproduction in industry, rampant speculation in the stock market, the stock market crash of 1929, and widespread bank failures across the US. As a result, unemployment rose to 25-35% of the total labor force and farm incomes declined by 60%, leading one-third of farmers to lose their land. International trade also collapsed as countries retaliate

Author

kevin

Language

EN