Question

explain the year of depression for USA

Answer 1

Hey mate .....here is ur answer.....
Wall street exchange crashed in 1929. Fearing a fall in prices,people made frantic efforts to sell their shares.On one single day,24 october, 13 million shares were sold. This was the start of the great economic depression. Over the next three years, between 1929 and 1932, the national income of the USA fell by half.Factories shut down,exports fell,farmers were badly hit and speculators withdrew their money from the market. The effects were felt worldwide. The german economy was the worst hit by the economic crisis. By 1932, industrial production was reduced to 40 percent of the 1929 level. Workers lost their jobs or were paid reduced wages.

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