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Answer :
In August 1929, the Great Depression officially began, capping the Roaring Twenties' period of economic affluence. Financial crises repeatedly occurred during the contraction.
The Great Depression: What led to it, and why?
Several factors have been suggested as causes of the Great Depression, including the stock market crash of 1929, the Smoot-Hawley Tariff's effects on international trade, government regulations, bank failures and panics, and the reduction of the money supply.
The Great Depression primarily affected who?
Children, the elderly, and people who experience discrimination, such as African Americans, were the groups that suffered the most in the country. Because the majority of white Americans felt entitled to these positions, African Americans were unable to obtain employment, even in those positions that were initially regarded as desirable.
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