Facts of the great depression

It may not give you why, but sure will give the facts as to what caused the depression Great paper! To my amazement the Great Depression serves as a natural debating point that 'justifies' or 'refutes' various economic policies. The Great Depression and the New Deal are complex topics that are open to many interpretations. The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all …

…occurs in the spring. *The GNP falls another 8.5 percent; unemployment rises to 15.9 percent.                                             1932 *This and the next year are the worst years of the Great Depression. For 1932, GNP falls a record 13.4 percent; unemployment rises to 23.6 percent. *Industrial stocks have lost 80 percent of their value since 1930. *10,000 banks have failed since 1929, or 40 percent of the 1929 total. *About $2 billion in deposits have been lost since 1929. *Money supply has contracted 31 percent since 1929. *GNP has also fallen 31 percent since 1929. *Over