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Causes of the Great Depression were: tariffs and war debt policies that cut down the foreign market for American goods, a crisis in the farm sector, the availability of easy credit, and an unequal distribution of income The Great Depression was a worldwide economic depression that lasted 10 years. Edu/Ec341_money/Papers/Carroll_paper. (Credit: Corbis/Getty Images). Make research projects and school reports about Great Depression easy with credible articles from our FREE, online encyclopedia and dictionary.. During the craze before the Great Depression a number of academics, including Roger Babson, were predicting a crash if things didn't calm the hell down. Many people borrowed money from brokers with the hope that stock would rise quickly. 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