History

Causes of the Great Depression

Causes of the Great Depression

Prime purpose of this lecture is to present on causes of the Great Depression. Here briefly describe some causes, like: Unequal Distribution of Wealth; High Tariffs and War Debts; Overproduction in Industry and Agriculture; 1928 Presidential Election; Farm crisis; Federal Reserve Monetary Policy; Stock Market Crash and Financial Panic. Although the nation’s wealth grew by billions throughout the 1920s, it was not distributed evenly. The top 1% received a 75% increase in their disposable income while the other 99% saw an average 9% increase in their disposable income.