History
beth909
29

What caused the Great Depression? What was the year, day, and month when the Great Depression started? What brought us out of the Great Depression?

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(1) Answers
Retha335

What caused the Great Depression was that nine thousand banks failed during the months following the stock market crash of 1929.It is far too simplistic to view the stock market crash as a single cause of the Great Depression.A healthy economy can recover from such a contraction.The Great Depression started on what was called Black Tuesday on October 29, 1929.What brought us out of the Great Depression was that the Depression was actually ended and prosperity restored by the sharp reductions in spending taxes and regulation at the end of World War 2 exactly contrary to the analysis of Keynesian's so-called economists. Ture unemployment did decline at the start of World War 2 on September 1, 1939 with the United States of America entering the war on December 7, 1941. Hope this helps.

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