It seems like, with time, events and conditions that led to the Great Depression have been reduced in the minds of many to the stock market crash in 1929. This is a very simplified and ultimately incorrect view on the situation since at the time of the crash, before mutual funds were invented, even fewer people owned stock than do nowadays (Henretta, Brody, & Dumenil, 2006). Of much more importance was overproduction in virtually every industry and in agriculture, poor management of the nation’s thousands of banks, and the money panic that followed immediately after the stock market crashed. Similarly,
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source http://endloneliness.net/depression/great-depression-constitutional-context
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