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What Contributed To The Great Depression

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The Great Depression started because of The Stock Market Crash of 1929. There was overproduction and spending dropped. When the stock market crashed, people panicked and everyone tried to withdraw from the market. The banking system could not handle everyone taking money out at one time and crashed. Even those who did not invest in the stock market had their savings erased. With fewer people spending, more businesses had to slow their production. For those who had jobs, wages fell. Many Americans were forced to buy products on credit which left them in even more debt. There are other things that contributed to the Great Depression too. For example, there was a drought and because of the industrialization of cities, farms didn’t produce as

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