What caused the Great Depression and its global economic impact?

The Great Depression was like a big storm that made people and countries lose their money all over the world.

Imagine you have a piggy bank full of coins. You save your allowance every week to buy toys or candy. Now picture everyone in town having a piggy bank just like yours, they're all saving up for something fun. But one day, the bank decides it's not safe anymore and takes back some of your coins. That’s what happened when banks failed during the Great Depression.

A man named Herbert Hoover, who was like a boss for the whole country, made a decision that affected everyone. He said people should keep working even if they didn’t have money, but that meant some people lost their jobs and couldn’t pay rent or buy food. Soon, more banks failed, and people started losing all their coins in one go.

When one country had a problem, it was like throwing a rock into a pond, the waves spread far and wide. Countries around the world also faced trouble because they were trading with each other. So, just like how one kid’s piggy bank can affect the whole town, the Great Depression made countries lose money too, and that lasted for many years.