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Note: this is HISTORY question. A brief but detailed explanation on What were the underlying causes...

Note: this is HISTORY question.

A brief but detailed explanation on

What were the underlying causes of the Great Depression and how were

average Americans affected?

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Answer #1

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Causes of the Great Depression

The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion.

-Banking panics and monetary contraction.

-The gold standard.

-Decreased international lending and tariffs

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