The Great Depression (1929-1930)

The Great Depression The Great Depression or the Stock market crash of 1929 started in 1929 and ended in the 1930s. While the Great Depression hit North American and Europe the hardest, other cities worldwide were affected just as much. It was the start of the Second World War that put an end to the devastating effects caused by the Great Depression. The Great Depression Causes Causes of the Great Depression have been discussed by scholars and economists every since. Life during the Great Depression was hard and effects of the Great Depression lasted way after the World War II started. Unemployment during the great depression was at record high. Many people who remember the time of the Great Depression still worry when investing in the stock market nowadays. Although, scholars have not totally agreed on the causes of the Great Depression, there are enough theories about why the Great Depression occurred, whether the Great Depression will occur again or how to prevent an event similar to the Great Depression of 1929 from happening again. Among theories of what caused the Great Depression are: orthodox classical economics theory of the Great Depression, monetarist and Keynesian view on the Great Depression, Austrian economic and neoclassical economic theory of the causes of the Great Depression, Structural theories of the Great Depression, and so forth.