About me - Alabaster Fastdrone

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Featured article by Alabaster Fastdrone

Arts & Humanities > 20th & 21st Century US History American history: The causes of the Great Depression

There were many causes of the Great Depression. In the years leading up to the Depression there are a number of factors that contributed to a great increase in stock market trading. The establishment of the Federal Reserve system in the US, decoupling the value of the dollar from gold and other international issues contributed to the collapse in markets that would ripple through the world financial center and result in widespread unemployment throughout the world. One explanation is the expansion of money supply that occurred in the 1920's which led to a credit driven boom that could not b...

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