What were three causes of the great depression?

bankrupt farmers caused small banks to go under.

many americans were still living below the poverty line.

underproduction of goods caused companies to fold.

foreign countries reneged on paying back war debts.

credit card business was not doing as well as some thought.

Bankrupt farmers caused small banks to go under.

Underproduction of goods caused companies to fold.

Foreign countries reneged on paying back war debts.

The Great Depression was an economic depression, the worst one in the history of the industrialized world. It lasted from 1929 until the late 1930s. It began with the stock market crash of October 1929 in the United States, but its consequences were felt in many countries.

The Great Depression was not caused by Americans living under the poverty line. Instead, this was a consequence of it. Moreover, it was not due to credit cards, as credit cards as we know them now only began to be used in the late 1950s.

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