Choose three items that represent a cause of the Great Depression.

Answer 1

1. Stock market crash of 1929: The collapse of the stock market in October 1929 is often cited as the triggering event that set off the Great Depression. The crash wiped out billions of dollars in wealth and led to a panic that caused widespread economic turmoil.

2. Bank failures: As the economy sank deeper into recession, many banks began to fail. This led to a loss of confidence in the banking system and caused people to withdraw their savings en masse, further destabilizing the financial sector.

3. Protectionist trade policies: In an effort to protect domestic industries from foreign competition, many countries imposed high tariffs and other trade barriers during the 1930s. These protectionist measures contributed to a sharp decline in international trade, exacerbating the economic downturn and prolonging the Great Depression.