5 Causes of the Great Depression

The Great Depression, a global economic collapse that began in 1929 and lasted about a decade, was a catastrophe that touched the lives of millions of Americans, investors who saw their fortunes vanish overnight, to factory workers and employees who have found themselves unemployed and desperate. for a way to feed their families.

Some people have been reduced to selling apples on street corners to support themselves, while others have lost their homes and been forced to survive in slums known as ‘Hoovervilles’, a bitterly derisive reference to President Herbert Hoover, who in the early 1930s asserted that “prosperity was just around the corner,” even as mistakes in economic and trade policy and an unwillingness to provide government aid to ordinary Americans deepened their hard situation.

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