What caused great depression?

In United States history, the Great Depression was the most severe economic downturn.

It lasted from 1929 through the late 1930s. Unemployment reached 25% during this period, and millions of Americans lost their homes & money.

In 1929, the stock market crash destroyed billions of dollars of wealth and caused a loss of confidence in the economy.

Banks had significant stock market investments, and the crash caused many of them to fail, making obtaining loans for firms and households difficult.

The government implemented measures to combat the Depression, including job programs and financial aid, but economy fully recovered post-World War II.