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The Causes of the Great Depression: A Retrospective. By Kenneth Matziorinis. Introduction. During the 1930s the world experienced a cataclysmic economic collapse, the likes of which that had never been seen before. It was unlike previous. âdepressionsâ when economic activity would always recover following few years.
This caused the Great Depression because just like buying on margin, people couldn't pay back what they borrowed. black tuesday. October 29, 1929; the day the stock market crashed. It is a cause of the Great Depression because it is what made everyone lose there money.