America’s Great Depression Causes Many people believe different stories about what caused the great depression. Some of these include the stock market crash of 1929, hoarding money, the gold standard, and sticky prices and/or sticky wages. It’s because of these that America went through its poorest time ever. Although there were several reasons why the great depression started, this is the most cited one. However, this crisis did not actually cause the depression. …showed first 75 words of 570 total…

…showed last 75 words of 570 total…which means it costs money to change a price. For example, a restaurant must print new menus every time the prices change. When all of these conditions occur, there is a recession or a depression. Because of the stock market crash, people hoarding money, the gold standard, and sticky prices and wages, America’s economy was hit hard in the 1930’s. They had to learn the hard way what life is like in a depression.