Social Sciences, asked by priya352, 1 year ago

explain any four factors that led to the great depression in 1929?

Answers

Answered by aniketsikta
0
crashed of wall street exchange
a single day 13 millions shares were sell
factories were shut down and bank are collapsed.
farmer were badly hit .
Answered by Rememberful
0

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.

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