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Task 4 Explain (suggested length of 2–3 paragraphs) the major causes of the Great Depression (e.g., economic policies, trade concerns, banking practices, international commerce). When the stock market crashed it cause a turmoil into the era called the

Task 4

 

Explain (suggested length of 2–3 paragraphs) the major causes of the Great Depression (e.g., economic policies, trade concerns, banking practices, international commerce). 

            When the stock market crashed it cause a turmoil into the era called the Great Depression. After World War I, the economy was doing great and individuals were putting their savings into the stock market. After several years of success, it started to decline rapidly which made investors liquidate their stock which only made it worse. The stock market completely crashed on October 29, 1929 and devastated the economy by losing billions of dollars. After the stock market crashed the banks soon followed as

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