Bank failures played an important role in the cause of the Great Depression1. ... The failure of one bank had a domino effect, spreading the fear and causing runs on other banks, which then failed. ... Thus, an additional factor that played a role in causing the Depression was America's position in international trade2. ...
The Great Depression started in late of October 1929 and in some countries didn't end until World War II. Most countries suffered the hardest in the mid 1930's and was considered to be a worldwide economic depression. This depression not only affected the poor but it also affected the rich. The G...