The following are some of the theories as to the causes of the Great Depression:

*The Stock Market Crash of 1929 as a trigger-
On October 24, 1929, share prices on Wall Street collapsed catastrophically, setting off a chain of bankruptcies and defaults that quickly spread overseas. Economic instability had been growing for some time, however, the impact of the Crash of '29 was notable because Wall Street was where the wealthy of Europe had increasingly banked their gains. The Crash would dramatically reduce the total percentage of wealth held by the very top of the economic scale, and would create financial difficulties for many of them.
* A maldistribution of purchasing power-
Another theory holds that the fundamental maldistribution of purchasing power, the greatly unequal distribution of wealth throughout the 1920s, caused the Great Depression. According to this view, wages increased at a rate that was a fraction of the rate at which productivity increased. As production......

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Title: Cause Of Great Depression
Approximate Word Count: 272
Approximate Pages: 2 (250 words per double-spaced page)

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