Question

Explain the causes of the Great Depression.

Answer 1

Hii dear here is your answer


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. Long-term underlyingcauses sent the nation into a downward spiral of despair. ... Such wealth concentrated in the hands of a few limits economic growth.

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Answer 2

Heya here is your answer...

German investment and economic recovery was totally on short term loans from USA
USA withdrew this support when it faced great economic depression..
IMPACT: 1) Industrial production reduced to 40%
2) Workers lost their job or paid low wages.
3) No. of unemployed touched 6 million.
4) Unemployed youth resorted to criminal.
5) Middle classes show their saving diminishing.
6) Businessman and self employed were filled with the fear of getting poor.

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