What Started the Depression

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

What were the 4 main causes of the Great Depression?

• The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion. …
• Banking panics and monetary contraction. …
• The gold standard. …
• Decreased international lending and tariffs.

What were the 5 main causes of the Great Depression?

• The Roaring 20’s. …
• Ensuing Global Crisis. …
• The Stock Market Crash. …
• The Dust Bowl. …
• The Smoot-Hawley Tariff Act.