---
title: "causes of the Great Depression"
type: concept
related: [Economy Of Credit, Black Thursday, Tariffs, Demand Driven Theory, Monetarist Theory]
source: https://www.jemoka.com/posts/kbhcauses_of_the_great_depression/
confidence: high
status: active
---

stock market crash of 1929 At October 24th, 1929, Black Thursday took place, and the stock market crashed. During this time, a record of 13 million shares traded, over $3b of losses. This began a 4 year slide of the global economy.
Crash theories:
demand-driven theory Monetarist theory bank failures of 1929 Banks became irrelevant. Lots of risky loans given out, farmers are taken out huge loans and the banks can&rsquo;t deal.
other factors economy of credit tariffs
