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Despondency The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the 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 extensive stock market speculation that took …

…thirteen million in 1932 (McElvaine 202). The country spiraled quickly into catastrophe. The Great Depression had begun. Bibliography Works Cited Farrell, Jacquelin. The Great Depression. California: Lucent Books, 1996. Fremon, David. The Great Depression. New Jersey: Enslow Publishers Inc., 1997. McElvaine, Roberts.The Great Depression.New York: Times Books, 1984. Schraff, Anne. The Great Depression and The New Deal. New York: Chelsea House Publishers, 1990. Sobel, Robert. Herbert Hoover at the onset of the Great Depression. Philadelphia: J.B. Lippincott Company, 1975.