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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.
The Great Depression Facts. The Great Depression Facts. The Great Depression was a devastating financial crisis that affected most countries around the world. Although the Great Depression began in 1929 and lasted until the beginning of World War II, the worst years were between 1933 and 1934 in the United States. The stock market crash on Wall Street in October 1929 triggered the financial crisis and many investors lost everything.