Question

explain any three factors that led to the great depression of 1929.claa 10

Answer 1

1. German investments and industrial recovery is totally dependent on short term loans , largely from USA .
2. This support was withdrawn when the Wall Street Exchange crashed in 1929.
3. Fearing of fall in prices people made frantic efforts to sell their shares.
4. On one single day , 24 October , 13 million shares were sold .
5. This led to the Great Economic Depression...

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.