Why did the United States suffer such a serious depression in 1929-33? The USA, between the years 1929-1933, suffered the worst economic depression in its history. Not only did affect the US itself, but various other world economies around the globe – this is due to other countries’ dependence on American loans and grants after WWI. However, it wasn’t solely because of this that the Great Depression took place. It is said that “a combination of domestic and worldwide conditions led to the Great Depression” , indeed, the three main reasons were the inevitable consequences of an instable boom, global problems, such as wars and the Dawes Plan, and lastly, the Republican administrations – in particular their policies – that were in power during
