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hark , 5 months ago The cause of the great depression was overextended credit and stock market gambling. Deflation was present because people didn’t have as much money (or credit) to spend, but it was merely a symptom of an economic downturn, not the cause.
The cause of the great depression was overextended credit and stock market gambling. Deflation was present because people didn’t have as much money (or credit) to spend, but it was merely a symptom of an economic downturn, not the cause.