What Were Some of the Main Causes for the American Great Depression. “History”?

Question by R#ymunDo: What were some of the main causes for the american great depression. “History”?
can u explain in cause and effect?

Best answer:

Answer by Gary D
Very similar to our current situations more people were playing the stock market and the values got very inflated. This was driven by a newly expanding industry of the rail roads. To spare you the long exasperated details the stocks fell sharply and people did a “run on the banks” to take their money out. The banks as policy only had a percentage of the deposits on hand and people freaked out and banks ran out of money quickly. this started the whole process. There are a lot more details but this starts it out. delve into it cause their are tons of circumstances that went into this.

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