Question

Explain the causes of the Great Depression? ​

Answer 1

Explanation:

The cause of great depression was :-

1) in 1920s agricultural over production resulted in fall of price.

2) so farmer tried to compensate by producing more agriculture products.

3) this led to further fall in prices.

4) farmer production rattels because of lack of buyers.

5) many European countries were dependent on [us] loans .

6) nut [us] vendors panicked because of fall of agriculture prices.

7) in 1928 [us] loan amounted 1 billion dollars within a year it became. quater billon dollar .

8) withdrawal of [us] loans affected many countries .

9) europe : banks and currencies collapsed

for example British sterling pounds crashed

Answer 2

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.

Hope it helps you dear.....xd