Why did the Great Depression and stock market crash happen? I'm

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Anonymous
2016-06-26 04:34:21 Post No. 1333727
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Anonymous 2016-06-26 04:34:21 Post No. 1333727 [Report]

Why did the Great Depression and stock market crash happen? I'm really terrible with mathematics and economics even though I excel in history, but I really can't wrap my head around exactly why this happened, so I'm hoping someone can please explain it clearly and simply.

From my understanding, having no demand and all supply for a lot of products was one of the factors. Please do let me know if this is at least in part, correct.

Also, what relevance is there to the 2008 crash which many countries seemingly haven't really recovered from?

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Anonymous 2016-06-26 07:43:30 Post No.1334241
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Anonymous 2016-06-26 07:43:30 Post No.1334241 [Report]

>>1333727
No demand? That's pretty impossible.
The implementation of central banking is the root cause of the crash. The federal reserve bank (like all central planning in economics) can not complete its mission because only an individual can assign value and properly fulfill his needs.

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Anonymous 2016-06-26 08:04:32 Post No.1334295
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Anonymous 2016-06-26 08:04:32 Post No.1334295 [Report]

>>1333727
>I excel in history
>thinking you can be good at history without understanding economics
Web lad.

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Anonymous 2016-06-26 08:11:13 Post No.1334317
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Anonymous 2016-06-26 08:11:13 Post No.1334317 [Report]

>>1333727
People accrued debt they could not repay.

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Anonymous 2016-06-26 11:37:45 Post No.1334739
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Anonymous 2016-06-26 11:37:45 Post No.1334739 [Report]

>>1334295
I really don't see the connection. Obviously the two connect throughout the subjects, but having a firm grasp on one as an academic pursuit isn't necessary towards having a good understanding of the other.