The Main Cause Of The Great Depression
Though many people think that the stock market crash of 1929 was the main cause of the Great Depression it actually was just the final straw that broke the camel’s back. Before the stock market crash America was already leading to deep turmoil. First America was loaning millions of dollars to World War I allies. Many of these loans were never paid which lead to the creation of private banks. These banks were used to the point of no returned which contributed to the Great depression as well as the distribution of income. The distribution of income caused a great gap between the low class and upper class which affected the market place as many lower class Americans were unable to buy large quantities of goods. Also the unemployment rate started