The principal reasons for the Great Depression are :
the decade of the 1920s' speculative boom.
1929 stock market collapse
Problems with overproduction and oversupply.
Lack of demand and rising unemployment
mistakes made by the Federal Reserve.
A limited presidential response.
<h3>What was the great depression?</h3>
Between 1929 to 1939, there was a severe global economic crisis known as the Great Depression. It started as a result of a sharp decline in American stock values.
The Great Depression Facts:
Between 1929 and 1933, the stock market experienced an almost 90 percent loss in value.
During the Great Depression,11,000 banks failed, leaving many people without any savings.
Around 3% of the population was unemployed in 1929.
The Great Depression saw a 40% decline in the average family income.
