Question

Causes of great depression? ​

Answer 1

Nine thousand banks failed during the months following the stock market crash of 1929. It is far too simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction. ... Such wealth concentrated in the hands of a few limits economic growth.

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Answer 2

Answer:

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

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