The Great Depression occured after prosperity -a boom-, just like any other economic downfall. This prosperous time had consumers borrowing from banks to buy their desired goods; they were able to return the money because they were employed. Simultaneously, to provide the escalating demand in commodities, businesses were also borrowing money. Provuding people had jobs and were in no doubt about the financial system, this method was effective. The process failed, a phenomenon which began in the US, eventually sparking a chain reaction in the western world.

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