Question

describe the great depression of 1929.​

Answer 1

Answer:

The great Economic Depression in

1929—1939

the economic depression began around the end of 1929 almost till 1939 when the second world war started. the economy declined worldwide because if a decline in demand and fall in prices.

factories were closed because the demand was low. the prices were increased. because of expensive goods, people's purchasing power reduced. this cyclical effect caused massive unemployment. the real incomes of ordinary people as well as governments across the world also declined. initially a stock market collapsed in the US, but very soon it affected almost every country.

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@ravalika