The factors that contributed to the
Great Depression are:
- A decentralized decision-making structure
- The lack of authority to make decisions
- The failure to provide decision makers with necessary tools.
The Great Depression was known to be a very huge economic depression in the whole world. It took place during the 1930s, starting in the United States.
The timing of the Great Depression diffrs across the world.
The other factors that led to the Great Depression are:
- The stock market crash, banking panics and monetary contraction,
- The gold standard, and the decreased landing and tariffs.
- Overproduction of consumer goods.
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