... generally been established that the stock market crash in October 1929 was the beginning, and even the cause, of the Great Depression. Within a month of the crash, stocks had lost half of their value. The great tragedy had earlier beginnings and important possible causes. These potential causes include the maldistribution of purchasing power, the lack of diversification in the American economy, the credit structure of the economy, bank failures, the action of the Federal Reserve, America's position ... repaid out of their broken economies. Rather than reducing the debts, American banks ...

• Word Count: 1109
• Approx Pages: 4
• Grade Level: Undergraduate