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The stock market crash of 1929 touched off a chain of events that plunged the United States into its longest, deepest economic crisis of its history. It is far too simplistic to view the stock market crash as the single cause of the Great Depression

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The Crash of 1929 & The Great Depression (PBS) 1of6

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There was an initial stock market crash that triggered a "panic sell-off" of assets. This was followed by a deflation in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade, ultimately resulting in widespread unemployment (over 13 million people were unemployed by 1932) and impoverishment. However, economists and historians have not reached a consensus on the causal relationships between various events and government economic policies in causing or ameliorating the Depression.

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 Efficient machinery led to overproduction and low demand. Worker's wages did not increase to keep up with quick production. 

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What is the cause of the Great Depression

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What is the cause of the Great Depression

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What Caused the Great Depression? (with Captions)