A high extent because there were policies such as the Hawley-Smoot Tariff which raised tariffs and there was the Teapot Dome Scandal which revealed a never before seen amount of greed and corruption within the government.
What is the greatest depression in World History?
Great Depression was the economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression which was experienced by the industrialized Western world, leading to changes in economic institutions, policy, and economic theory.
The major reason behind it was the after stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Hence , the effect was inevitable.
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