The Great Depression



The Great Depression

The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually the entire industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the agricultural distress of the farmers. The misdistribution of wealth in the 1920's existed on many levels. Money was unequally distributed between the rich and the middle-class, between industry and ...