Reasons For Great Depression
The Great Depression of 1929 was mostly due to international factors rather than domestic factors. However, when over viewing the prime causes of the Great Depression one must distinguish five- the conclusion of World War I, the decline of international trade due to high tariffs, monetary policies (in particular the gold standard), the slowing of the American economy in 1929, and the stock market crash. Clarence L. Barber in his Origins of the Great Depression emphasizes international factors and is supported by Robert McElvaine in his Encyclopedia of the Great Depression. Meanwhile, Christina D. Romer attributes domestic causes as the source of the Great Depression and is supported by John Findling in his Events that Changed America in the 20th Century and in An Eyewitness History: The Roaring Twenties by Tom Streissguth. However, it has been concluded that the origins of the Great Depression were mostly due to the international factors which Barber states in his argument.......
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