What two factors created the circumstances that created the Great Depression?

However, many scholars agree that at least the following four factors played a role.

The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion

Banking panics and monetary contraction.

The gold standard

Explanation:Easy Money: A Series of False Signals. Monetary Policy, Interest Rates, and the Business Cycle. The Artificial Boom of the Roaring 20's.

Hoover's Anti-Adjustment Policies. The Smoot-Hawley Tariff Act.

The New Deal: FDR's Interventionism. The New Deal's Central Planning: NRA and AAA.

The Wagner Act and Labor Laws.

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