They say that hindsight is 20/20, but that's not true. Many historians are still debating the causes of the Great Depression, and it becomes even more important to take a close look at what really happened back then under our current circumstances.

There is generally two trains of thought of what caused the Great Depression, but I think there is also a third reason. The first train of thought basically boils down to one argument that states that the way governments dealt with the money supply interfered with the self-regulating production and consumption of products and services, (otherwise known as the free market). Some people believe that by that the massive deflation of the dollar was the direct result of an increase in the money supply, others contribute that it was the gold standard itself that caused deflation.

Read more: Looking Back The Great Depression of 1929 Part 1