Question

Explain any five factors responsible for the great depression of 1929

Answer 1

1) Great Depression caused due to Wall Street Crisis.

2) Wall Street Crisis is a share market in America.

3) After First World War people in world sell their Shares in Wall Street Crisis so it get jammed.

4) people shares get jammed in this and they become poor.

5) so because of Wall Street Crisis Great Depression of 1929 occurred.

Hope it help you❤❤❤

Answer 2

1. Agricultural over production was a problem. As prices slumped, rotting of farm produce also held.

2. US then given loans to many counties.

3. Financial crisis led to panic if US overseas lenders.

4. Banks were bankrupt and were forced to close down in US and Europe as they were unable to recover their investment.

5. All loans were stopped by American capitalists.