The major cause of the great depression was the crash in the financial stock market, reduction in the tariff, and lending of things.
<h3>What is the great depression?</h3>
The Great Depression which lasted from 1929 to 1939 was considered the economic crisis in the history of the developed world. It began as a result of the 1929 stock market crash.
The country's banks failed as a result of the Great Depression. The proportion of people who have lost their jobs in the country has risen significantly.
The number of persons in the country got homeless as a result of this. Housing prices have risen rapidly, affecting households. The country's overseas trade declined.
In response to the crisis, President Hoover established organizations to assist in the resolution of the existing issue. He requested that the country's credit be increased by the federal reserve.
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