Explain two causes of Great Economic Depression.
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The Causes of Great Economic Depression are:
1) The 1st World War (1914 - 1918) had given a great boost to the American industry. But after the war when it's industries continued producing different articles at the breakneck, speed, there was a glut on the market. As a result, USA WAS caught in a severe economic crisis
2) As a result the American capitalist stopped all loans to the European countries.
1) The 1st World War (1914 - 1918) had given a great boost to the American industry. But after the war when it's industries continued producing different articles at the breakneck, speed, there was a glut on the market. As a result, USA WAS caught in a severe economic crisis
2) As a result the American capitalist stopped all loans to the European countries.
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