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4 February, 23:58

The main cause of the Great Depression were

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  1. 5 February, 02:13
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    The main cause was the Stock Market Crash of 1929.
  2. 5 February, 03:21
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    The outburst in economic wealth and growth. The Great depression lasted from 1929 to 1939.

    #1 - Stock Market Crash of 1929

    #2 - Bank Failures

    #3 - Reduction in Purchasing Across the Board

    As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans; repossessions and evictions were commonplace. More and more inventory began to accumulate.

    #4 - American Economic Policy With Europe

    #5-Drought Conditions

    The economic devastation of the Great Depression was made worse by environmental destruction. A years-long drought coupled with poor farming practices created a vast region from southeast Colorado to the Texas panhandle that came to be called the Dust Bowl.
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