The outburst in economic wealth and growth. The Great depression lasted from 1929 to 1939.
#1- Stock Market Crash of 1929
#2-Bank Failures
#3-Reduction in Purchasing Across the Board
As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans; repossessions and evictions were commonplace. More and more inventory began to accumulate.
#4-American Economic Policy With Europe
#5-Drought Conditions
The economic devastation of the Great Depression was made worse by environmental destruction. A years-long drought coupled with poor farming practices created a vast region from southeast Colorado to the Texas panhandle that came to be called the Dust Bowl.