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Several factors led to the worst economic depression in the United States. The Great Depression effects were enormous and cut across the whole world. Some of the depression effects include the striking of the New Deal in America as well as the rise of extremism leading to World War II in Germany. There is no agreed-upon a list on the various causes. Instead, there are top reasons that have been listed by economists and historians as the significant causes of depression.

The Causes include the stock market crash which took place in 1929. Two months after the stock crash occurred, the stakeholders had lost 40 billion dollars. The…