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in a short paragraph Why did the Great Depression Happen

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in a short paragraph Why did the Great Depression Happen

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The Great Depression happened due to a combination of factors. The stock market crash of 1929 was a major trigger, causing panic and leading to a massive sell-off of shares. This led to a severe contraction in the economy, with businesses failing and unemployment rates skyrocketing. Additionally, the American economic policy with Europe played a role, as high tariffs choked off international trade. The banking system also collapsed due to bad loans and a lack of consumer confidence, which further deepened the economic crisis. Lastly, the drought conditions in the Midwest created what was known as the Dust Bowl, ruining agricultural production and forcing families to leave their farms. All these factors contributed to the longest and deepest economic downturn in the 20th century.

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