The Great Depression was a worldwide economic collapse, between 1929 to the beginning of World War II (1939). The worst years of the depression were from 1930-1933. The Depression began, on October 24, 1929, when stock prices on the New York Stock Exchange dropped drastically. The financial crisis, which was due to the collapse of Wall Street, led to the Great Depression. The tumble was caused by forced liquidation of large brokerage accounts and also because of The Federal Reserve Board raising interest rates in early 1929.This brought enormous poverty and unemployment, and sent wages and production levels crashing.
The cause of the Depression was the result of mishandling and judging of the economy by the governments. …
