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What made the Great Depression?

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Anonymous

12y ago
Updated: 8/17/2019

The Great Depression was not started by any one individual; however, it was caused by combination of economic factors. The biggest of these factors was overproduction. Farmers were overproducing goods, thus, driving their own prices down, which made them think that they had to work more, which made them produce more, thus, driving their prices even lower. They were forced to stop buying other products, because of their low wages. This made the prices of other shops decrease, so they would't make as much money. They would be forced to fire workers, and then they would be out of money to spend at other places, so that other place would have to fire workers. This was an unstoppable ripple effect, and when the stock market crashed, the crisis only got worse. President Hoover was not to blame for the crash. The only real problem was that he did so little to help, for he felt that Americans could get out of the depression on their own. These were the effects that made, and worsened the Great Depression.

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Wiki User

12y ago

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