Major cause of depreshion in 1929 was?

The major cause of the Great Depression in 1929 was the Stock Market crash that occurred in October of that year, which wiped out millions of investors and led to a drastic decline in consumer confidence. Other contributing factors included overproduction in industries, high unemployment rates, and a lack of government intervention in the economy. Additionally, the banking system was unstable, with many banks failing, leading to a contraction in credit and further deepening the economic crisis. These factors combined created a severe and prolonged economic downturn affecting economies worldwide.