Explain how both the long-term and the short-term causes contributed to the great depression in the USA.

... Explain how both the long-term and the short-term causes contributed to the great depression in the USA. The Great Depression was caused by a number of long-term and short-term problems, in my essay I will discuss these problems such as: Unequal distribution of wealth and low wages was a major problem long-term problem. High tariffs from Europe in retaliation for the McCumber tariffs in America closed the export market to Europe. Farmers who were impoverished during the 'golden twenties' suffered greatly, the laissez-faire policy of the government meant that they did nothing to help the farmers and they were ruined. The banks policy on credit was very dangerous and was proven to be wrong. The bank's policy was a long-term cause and was really a symptom of the depression. There is always a depression after a boom, but what made this one so great? There was an unequal

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