T​he Great Depression (1929-39) was the deepest and 

longest-lasting economic downturn in the history of the Western 

industrialized world. In the United States, the Great Depression began 
soon after the stock market crash of October 1929, which sent Wall 
Street into a panic and wiped out millions of investors The depression 
originated in the ​United States​, after a fall in stock prices that began 
around September 4, 1929, and became worldwide news with the ​stock 
market crash​ of October 29, 1929 (known as ​Black Tuesday​). Between 
1929 and 1932, worldwide GDP fell by an estimated 15%. By 
comparison, worldwide GDP fell by less than 1% from 2008 to 2009 
during the ​Great Recession​.Some economies started to recover by the 
mid-1930s. However, in many countries, the negative effects of the 
Great Depression lasted until the beginning of ​World War II​. 
 
Poverty Line was one of the causes during the Great 
depression,because many families were earning less money “More than 
60% of the nation families earned less than $2000 a year--the income 
necessary for basic necessities--and over 40% earned less than $1500 
annually” (par 2).This evidence shows that not all families received a 
good amount of money and wasn’t enough for them and stayed the same 
till 1920 . 
 
Farming was another reason why Great Depression happened.Farms had 
been stuck since 1921 and the prices had made the people unhappy 
after World War I and they were still stuck with high taxes and the 
crop the price went down so most farmers lost their farms “Strapped 
with long-term debts,high taxes,and a sharp drop in crop 
prices,farmers lost their …” This shows how many farmers lost their 
farms because of high prices. 
 
In conclusion, poverty line, pressure on banks, and the stock market 
crash of 1929 were all great events that led to the Great Depression 
after the roaring twenties. The Great Depression was a time of 
devastation through the United States that seemed like a never ending 
chain of events.