explain the reason for the Great Depression which country was the worst effected ?who suffered the most?
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italy and spain chaina during this time
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Explanation:
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. 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. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.
Top 5 Causes of the Great Depression –
Economic Domino EffectThe Roaring 20's. Before the world entered into an economic decline, the performance of the stock market was well above par, and the industrial output more profitable than it had ever been. ...
Ensuing Global Crisis. ...
The Stock Market Crash. ...
The Dust Bowl. ...
The Smoot-Hawley Tariff Act.
Who was affected by the Great Depression?
The Great Depression that began at the end of the 1920s was a worldwide phenomenon. By 1928, Germany, Brazil, and the economies of Southeast Asia were depressed. By early 1929, the economies of Poland, Argentina, and Canada were contracting, and the U.S. economy followed in the middle of 1929.....
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