by 
The Curious Bag
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The 1930s depression was a social, political, and economic catastrophe for the United States and countries abroad. The Great Depression lasted from 1929 until around 1940.
Bank Failures
Throughout the 1920s, U.S. banks failed at an average of 600 per year. From 1929 to 1932, about 11,000 U.S. banks failed and about $2 billion in deposits were lost.
Stock Market Crash
Throughout the 1920s, many Americans invested money in the stock market, which led stock prices to become inflated. Stocks were selling for more money than they were worth. In October 1929, the stock market crashed.
Unemployment
Unemployment was on the rise as the leading factories in the country started to close. The unemployment rate was 3.2 percent in 1929 and jumped to 25 percent by 1933.
Trade Collapse
Foreign countries implemented high tariffs and the Weimar Republic could not pay reparations or bank loans back to the United States.
Deflation and Collapse of Investments
The high real interest rate was a result of deflation. This was a major factor in the collapse of investment purchases of equipment, buildings, and inventory.
Source:
SanDiego.Edu: Causes of the Great Depression
SJSU.Edu: The Depression of the 1930's its Origins
Study World: Depression of the 1930's
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