Explain the causes of the great depression 0
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Share market collapse
Speculation of borrowed money
People bought shares not for dividend but for resale value.
Speculation of borrowed money
People bought shares not for dividend but for resale value.
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ᴛʜᴇ ɢʀᴇᴀᴛ ᴅᴇᴘʀᴇssɪᴏɴ ᴡᴀs ᴀ ʀᴇsᴜʟᴛ ᴏғ ᴍᴀɴʏ ғᴀᴄᴛᴏʀs: ᴘʀᴏsᴘᴇʀɪᴛʏ ɪɴ ᴛʜᴇ ᴜsᴀ ᴅᴜʀɪɴɢ ᴛʜᴇ 1920s ᴄʀᴇᴀᴛᴇᴅ ᴀ ᴄʏᴄʟᴇ ᴏғ ʜɪɢʜᴇʀ ᴇᴍᴘʟᴏʏᴍᴇɴᴛ ᴀɴᴅ ɪɴᴄᴏᴍᴇs. ɪᴛ ʟᴇᴅ ᴛᴏ ʀɪsᴇ ɪɴ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ᴀɴᴅ ᴅᴇᴍᴀɴᴅs. ᴍᴏʀᴇ ɪɴᴠᴇsᴛᴍᴇɴᴛ ᴀɴᴅ ᴍᴏʀᴇ ᴇᴍᴘʟᴏʏᴍᴇɴᴛ ᴄʀᴇᴀᴛᴇᴅ ᴛᴇɴᴅᴇɴᴄɪᴇs ᴏғ sᴘᴇᴄᴜʟᴀᴛɪᴏɴs ᴡʜɪᴄʜ ʟᴇᴅ ᴛᴏ ᴛʜᴇ ɢʀᴇᴀᴛ ᴅᴇᴘʀᴇssɪᴏɴ ᴏғ 1929 ᴜᴘᴛᴏ ᴛʜᴇ ᴍɪᴅ-1930s.
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