---
title: "What caused great depression?"  
description: "A brief explanation about the cause of great depression in 1929"  
author: "Anjita D."  
published: 2023-10-17  
canonical: https://yourviews.mindstick.com/story/2912/what-caused-great-depression  
category: "education, international"  
tags: ["great depression", "facts", "general knowledge"]  
reading_time: 1 minute  

---

# What caused great depression?

![What caused great depression](https://yourviews.mindstick.com/stories/5c47c354-d3a1-4d5d-8c6d-bf8bc8d0092c/images/00f7c953-84f5-457c-81c6-26099b168fc8.jpeg) ![What caused great depression](https://yourviews.mindstick.com/stories/5c47c354-d3a1-4d5d-8c6d-bf8bc8d0092c/images/cffe05cb-e4f6-411f-906b-7a84c1167ddc.jpeg) In United States history, the Great Depression was the most severe economic downturn. ![What caused great depression](https://yourviews.mindstick.com/stories/5c47c354-d3a1-4d5d-8c6d-bf8bc8d0092c/images/e45c1a8b-57e2-49d6-a3d7-d1990338f693.jpeg) It lasted from 1929 through the late 1930s. Unemployment reached 25% during this period, and millions of Americans lost their homes & money. ![What caused great depression](https://yourviews.mindstick.com/stories/5c47c354-d3a1-4d5d-8c6d-bf8bc8d0092c/images/4ded71d6-06a9-40df-b267-e2ce6615c10e.jpeg) In 1929, the stock market crash destroyed billions of dollars of wealth and caused a loss of confidence in the economy. ![What caused great depression](https://yourviews.mindstick.com/stories/5c47c354-d3a1-4d5d-8c6d-bf8bc8d0092c/images/30fc2c0f-b441-487a-bd3f-629654e310df.jpeg) Banks had significant stock market investments, and the crash caused many of them to fail, making obtaining loans for firms and households difficult. ![What caused great depression](https://yourviews.mindstick.com/stories/5c47c354-d3a1-4d5d-8c6d-bf8bc8d0092c/images/642e4eca-49c0-412d-95fc-dd80bba4b871.jpeg) The government implemented measures to combat the Depression, including job programs and financial aid, but economy fully recovered post-World War II.

---

Original Source: https://yourviews.mindstick.com/story/2912/what-caused-great-depression

Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.