Unbelievable! The Real Reasons Behind the Great Depression Revealed
by HICHEE
10 months, Nepal 
In a recent poll, Americans were asked about the key factors that prolonged the economic agony of the Great Depression, which spanned from 1929 to 1939. The results shed light on various pivotal elements that contributed to this historic downturn.
A significant 17% of respondents pointed fingers at protectionist tariffs like the infamous Smoot-Hawley Act, which stifled global trade. This was deemed the most impactful factor.
Closely following, 15% blamed the stock market crash of 1929, which not only wiped out capital but also diminished trust in financial institutions. Another 15% emphasized that high unemployment rates exacerbated poverty, crippling communities across the nation.
Both the Dust Bowl’s assault on agriculture in the Midwest and ineffective government policies were noted by 14% of participants each, underscoring environmental and political missteps.
Bank failures and a subsequent loss of savings alarmed 13%. An equal percentage highlighted the drastic decline in consumer spending, which hampered industrial production.
This enriched understanding, though varied and scattered, offers a compelling glimpse into the multiple missteps and misfortunes that fueled one of history's most challenging economic periods. Nevertheless, human errors in attributing percentages might slightly blur the precise impacts. Yet, the overall picture remains clear: it was a storm of unfortunate events.
Ms. Newarnii 🇳🇵❣️💫
