Causes of Great Depression in the United States

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Great Depression in the United States
A country's economic status is an integral aspect in the life of the citizens because it determines the kind of live led in the country and retains it in the global market. In a reflection to these facts, the United States of America suffered a great depression in its economy in the year 1929, which persisted in the country for almost one decade. Research asserts that it affected every citizen in the country. The main causes of the crisis involved the many debts made by consumers to entrepreneurs that where irrecoverable. This attributed to decrease of currency in financial institutions in the country. Secondly, the financial and other governmental institution failed to control the market through the issuance of finance to the citizens where this allowed them to apply for high amounts of loan that were not paid.
Moreover, Am...