What Are The Causes Of The Great Depression

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The great depression lasted from the early 1920s to the late 1930s. It was the deepest and longest economic chaos in american history, The effects of the Great Depression were huge across the world, it lead to the New Deal in America but more significantly, it was also a cause for the rise of Germany going into World War II. It began right after the stock market crash in the western United states in 1929. Many people were desperate to find food, jobs, shelter, and better lives for their children, people were basically left homeless, which led to suicide.
The stock market was one of the leading causes that truly started the Great Depression. It crashed in 1929, when bankers lost millions of dollars, even though the stock market began to regain some of its losses, by the end of 1930, it just was not enough. The drought also caused Americans to go into despair, it is known as the Dust Bowl, effects of the dust bowl include many people not being able to pay their taxes or other debts. They had to sell their farms that brought no advantage, the farmers were forced to let their crops wither away and left people to starve.
In 1930, investors lost their trust in banks and forced them to give out loans to have …show more content…

This also helped to have a permanent job that employed about 8.5 million people, for awhile, recovery was successful. The New Deal gave power back to the workers to build highways, trails, and helped America prepare for World War II, even though they decided to stay neutral. Moreover, it created the Welfare system, which includes cash benefits to families and individuals who need it. Nevertheless, there were still issues that continually popped up in some businesses that did not cope well. In 1938, the economy was still improving and many severe conditions during the recovery affected the U.S. for

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