Explain the causes of great depression 0
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- Crash of Wall Street Exchange
The Crash of the Wall Street Exchange was a cause of the Great Depression because the Wall Street Exchange was the largest exchange at the time. Many people had a share in the same. In 24 hours, over 24 million shares were sold, and even more had a huge loss.
For any more information, there is a Wikipedia article on the same.
The Crash of the Wall Street Exchange was a cause of the Great Depression because the Wall Street Exchange was the largest exchange at the time. Many people had a share in the same. In 24 hours, over 24 million shares were sold, and even more had a huge loss.
For any more information, there is a Wikipedia article on the same.
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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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