Journal of Business & Economic Policy

The Great Depression - Revisited
Madhusudhanan S

Abstract
The present global crisis is showing the sign of slow recovery with more volatility. The present crisis makes few of us to remember the Great Depression. After more than eighty years there is still no general consensus on this question, what caused the Great Depression? For some the cause was primarily Monetary – a drastic decline in quantity of money in the major industrial economy. The Great Depression is well known for its severity. It lasted for a decade from 1929-1939. It began in 1929 with Stock Market crash in United States of America (U.S.A / U.S.) which slowly spread across the globe. It is important at this juncture to know the reasons of Great Depression so that the current Crisis may be handled with more care. This paper made an attempt to explain the exact reasons for the Great Depression of 1929.

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