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Rating Newest Oldest. Best Answer: You need just two things to form a lake: A source of water, and a basin, or depression, where it can collect. More of the worldâs lakes were formed by glaciers than by any other method. During the Ice Age, much of the Northern Hemisphere was covered with great glaciers that cut or enlarged depressions in the earth which later filled with water. These are called glacial lakes.
Rift lakes, formed as freshwater floods rift valleys, often mark rift valley systems. More than a billion years ago, for instance, the North American plate began a rifting process. A triple junction formed in the middle of the young continent, and deep rift valley developed.