Social Sciences, asked by AnSh061, 1 year ago

explain the causes of economic great depression?

Answers

Answered by minoria
2
The stock market crash of 1929 touched off a chain of events that plunged the United States into its longest, deepest economic crisis of its history. It is far too simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction.
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AnSh061: please explain it point by point
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Answered by ItzIshu
17

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

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