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The causes of the Great Depression are a matter of active debate among economists, and are part of the larger debate about economic crises, although the popular belief is that the Great Depression was caused by the crash of the stock market.
Focused on their own individual situations, these people did not recognize that their actions would soon combine with a number of other factors to produce the Great Depression. Historians at the beginning of the twenty-first century recognize a number of causes for the Great Depression, including the following: 1  Chronic agricultural overproduction and low prices for farm products. 2  Overproduction of consumer goods by manufacturing industries.