[Mechanicos]

The economic Boom Bust cycles of which the Great Depression was one were caused by the Central Bank. Which is why Jackson fought them for most of his Presidency to eliminate. We had a stable prosperous economy for a long time after that until the PRIVATE Federal reserve was created (Central bank 2). Look at what laws were put in place to prevent another occurrence of the great depression such as Glass Seagall Act that Clinton repealed leading to the bust we had back then.

[bubman]

There are many variables that affected the Great Depression. The problem with the Fed's impact at the time may have been much smaller that expected given that fractional banking was not in the effect at the time. The fractional banking is what creates the boom & bust cycles IMHO. I would love to get into it but I have to go. I suggest you look into Amity Shlaes's The Forgotten Man to get an insight from those who experienced the impact of Big Gov't intervention and the reasons for the Great Depresssion.

https://en.wikipedia.org/wiki/The_Forgotten_Man:_A_New_History_of_the_Great_Depression