What Were the Main Causes of the Great Depression?

The main causes of the Great Depression in the USA included overproduction, stock market crash of 1929, bank failures, high tariffs, and drought conditions. Overproduction led to a surplus of goods and falling prices. The stock market crash triggered a financial panic, leading to decreased consumer spending and business investment. Bank failures caused people to lose their savings and decreased the availability of credit. High tariffs led to a decrease in international trade. Additionally, drought conditions in the Midwest exacerbated the economic downturn by causing agricultural production to plummet.

Ultimately, these combined factors contributed to the severe economic hardship experienced during the Great Depression.