Question

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

Answer 1

stock market crash
poor country depressed under big debt
lack of food

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.