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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.
Focused on their own individual situations, these people did not recognize that their actions would soon combine with a number of other factors to produce the Great Depression. Historians at the beginning of the twenty-first century recognize a number of causes for the Great Depression, including the following: 1  Chronic agricultural overproduction and low prices for farm products. 2  Overproduction of consumer goods by manufacturing industries.