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The Causes of the Great Depression: A Retrospective. By Kenneth Matziorinis. Introduction. During the 1930s the world experienced a cataclysmic economic collapse, the likes of which that had never been seen before. It was unlike previous. âdepressionsâ when economic activity would always recover following few years.
Economists still cannot agree on what caused the Great Depression. Most however have agreed that it was a combination of events and decisions that came into play that caused the Great Depression. Stock Market Crash of 1929. The Wall Street Crash of 1929, is cited as the case of the Great Depression. However, while it does share some of the blame the crash ruined peopleâs fortunes and destroyed confidence in the economy. However, most believe that the crash alone would not have caused the Depression. World War One. After World War One (1914-1918) many countries struggled to pay their war debts and reparations as Europe began to rebuild.