The Great Depression's causes, banking crisis impact on unemployment, and the role of inflation in economic instability.
The Great Depression in 1929 was primarily caused by a mass stock market crash (Black Tuesday) and subsequent bank runs. Irresponsible leveraging by the banks and government failures worsened the situation, leading to economic turmoil.
Banking crises can lead to a decrease in liquidity, hampering investment and causing businesses dependent on loans to struggle. This, in turn, can drive up unemployment rates and negatively affect the overall economy.
Inflation is another economic factor that, when mismanaged by both the government and the market, can contribute to economic instability and exacerbate unemployment issues.
https://brainly.com/question/34495268