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Causes Of The Great Depression

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The Great Depression was an economic slump in industrialized areas. The Great Depression took place from 1929-1939. The Great Depression is the name for the time when the stock market crashed on October 27, 1929, and it is the longest and most severe depression ever experienced by the Western world. Stock prices plummeted with no chance of recovery, and panic started. Many people tried to sell their stock, but no one was buying. People then scrambled to withdraw their money from banks, causing the banks to close. In the first 3 years, prices in the United States started to drop until 1932 when they became about 20% of their original prices of their value in 1929. Many banks were forced into debt, and by 1933, around 11,000 of the United States

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