preview

What Caused The Great Depression In The United States

Satisfactory Essays

The Great Depression was absolutely devastating to the United States. It lasted for a span of 10 years starting in 1929. It was the worst economy the U.S. had ever seen or been through. The depression followed the stock market crash in October of 1929. That event sent Americans into a panic and caused investors to withdraw their money. This however was not what actually caused the Great Depression. There were severally different things that led to the downfall of the U.S. economy, but the most significant was overproduction. During World War I, farmers produced greater amounts of food in order to keep up with European ally needs. However, once the war ended this did not stop. Farmers continued to produce huge amounts of food. They also started

Get Access
Get Access