I have a research essay words 2500 words and need to research about one of those questions.

Introduction:
The economic depression that happened worldwide beginning in the year 1929 and lasting for almost a decade is known as the Great Depression. It began in the United States and then affected many countries worldwide. In almost 244 years of existence as a country, the United States has seen a fair share of recessions, but the great depression financially devastated the country. It is usually considered as an example of the downfall of the economy and its repercussions. The beginning of the great depression was somewhere in August when the economy started contracting. There was a major fall in the stock prices in the United States on 4th September 1929, which became a matter of concern worldwide. This further led to the crash of the stock market on 29th October 1929 also known as Black Thursday. The stock prices fell 22% over the next four days in the stock market crash. The crash created panic in Wall Street and wiped out millions of investors. The gross domestic product, GDP fell by 15% worldwide. Some countries started to recover by min 1930s but for some, the effect lasted till the beginning of world war II. Some experts believe, it took the end of world war II to fully recover the downturn caused by the Great Depression. The depression affected both poor and rich countries. It affected the personal income, revenue generated from tax, price and profits dropped. It also had a large impact on international trade which fell by more than 50%. The unemployment rate was as high as 23% for the United States, it rose to 33% in a few countries(The Great Depression [ushistory.org], 2020). Those cities who were heavily dependent on heavy industry for their livelihood was hit hard. The construction going around symbolizing the development of a country was halted, the agriculture sector was affected as the prices of crops fell by around 60%. The primary sector was affected the most. The stock prices were almost one-tenth of what they used to be during pre-crash days. The disposable income of an individual fell by 28%(What Happened During the Great Depression?, 2020). One out of every four workers lost his job. The mining industry too faced the effects of the Great Depression. It affected almost every sector and every individual’s livelihood. The quantitative data present gives us an insight of the damages done.
We cannot trace back the reason for the Great Depression to just one single reason. This was a result of multiple causes which together combined to form the worst financial catastrophe the world has ever seen. The causes are:
Stock market crash-1929
During the 1920s, the U.S. stock market was an historic expansion. The government created various economic policies that ballooned the credit in the economy and quantity of money. Investment in the stock market was looked as an easy way of earning more money because of the rise in stock price to unprecedented levels. The common man started using their disposable income or mortgaging their property for buying stocks. During the late 1920s, the count of number of shares carried on margin had reached in million. The term carried on margin means the purchase price of the stocks was financed by loans whose repayment was supposed to be done with the profit generated from the ever-increasing price of the shares. In October 1929 the prices began to decline inevitably resulting in creating panic among millions of overextended shareholders. They started liquidating their holdings which further exacerbated the decline creating more panic. The nervous investors started selling their stocks which led to the stock market crash on 24th October 1929. There was a trade of 12.9 million shares on that particular day. On 29th October 1929 also known as Black Tuesday, there were 16 million shares traded this created another panic wave in wall street. Those investors who had bought the shares on margin were completely wiped out, causing the value of millions of shares to be worthless(The Great Depression and Its Causes, 2020). The customer’s confidence in the stock market started vanishing leading to a downturn in spending. The production was slowed down resulting in businesses firing their employees to cope up with the declining market situation. The buying power decreased and the wage rate fell. The nations over the world were combined in a fixed currency exchange through gold standards. This helped in the spread of economic woes worldwide affecting Europe the most.
Bank failures:
The stock market crash made waves all through the economy. In the waning months of 1929, nearly 700 banks had already failed which increased to 3000 in the 1930s. Between the years 1930 and 1932, the United States had encountered four expanded financial rushes of panics. The bank’s customers who feared the solvency of their banks started withdrawing their deposits in cash. Federal-deposit insurance was unheard yet, so when the banks started failing, people began losing all their money. The withdrawal of money...