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Drought Conditions. While not a direct cause of the Great Depression, the drought that occurred in the Mississippi Valley in 1930 was of such proportions that many could not even pay their taxes or other debts and had to sell their farms for no profit to themselves.tock Market Crash of 1929. Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great Depression.
One social consequence of the Great Depression was that there was a notable increase in the birthrate in families of unemployed men. Contrary to popular belief, the Great Depression didn't originate in the United States. It started with the economic collapse of Great Britain, which then caused the American stock market to crash.