Question

Explain the causes of great depression class 10th history

Answer 1

Answer:

The Great Depression was a result of many factors: Prosperity in the USA during the 1920s created a cycle of higher employment and incomes. It led to rise in consumption and demands. More investment and more employment created tendencies of speculations which led to the Great Depression of 1929 upto the mid-1930s.Stock market crashed in 1929. It created panic among investors and depositors who stopped investing and depositing. As a result, it created a cycle of depreciation.

Failure of the banks. Some of the banks closed down when people withdrew all their assets, leaving them unable to invest. Some banks called back loans taken from them at the same dollar rate inspite of the falling value of dollar. It was worsened by British change in policy to value pound at the pre-war value.

Explanation:

Answer 2

here is the answer:

The Great Depression was a worldwide economic depression that lasted 10 years. The depression was caused by the stock market crash of 1929 and the Fed’s reluctance to increase the money supply GDP during the Great Depression fell by half, limiting economic movement.

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