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The causes of the Great Depression are a matter of active debate among economists, and are part of the larger debate about economic crises, although the popular belief is that the Great Depression was caused by the crash of the stock market.
For all practical purposes, the Great Depression began on Tuesday,  October 29, 1929. This is usually considered the actual beginning  of the Great Depression because of theâ¦ disastrous effect on the  national economy. The huge losses in stocks and bonds forced many  companies out of business.