Question

Causes of great depression in history of 0 explanation

Answer 1

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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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Answer 2

Causes of the Great Depression

• The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion.
• Banking panics and monetary contraction.
• The gold standard.
• Decreased international lending and tariffs.

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