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The Great Depression was caused by several interrelated factors in the late 1920s and early 1930s. Declining wheat prices and overproduction of goods led to falling incomes for farmers and manufacturers. The stock market crash of 1929 exacerbated the situation, as people could no longer pay back bank loans. Natural disasters like droughts and grasshopper plagues further damaged the agricultural economy. Globally, rising nationalism and protectionist policies limited international trade. The economic turmoil
- Author
- pomtart
- Language
- EN