Great depression was caused by a combination of several factors."" Examine the statement.
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The main reason behind the great depression was the crash of stock market 1929
Explanation:
- It happened on Tuesday when the market got crashed suddenly and all the banks were closed
- Various analysts said that it did not happen suddenly but the market was declining since the start of the year
- The great depression lasted for almost 10-15 years .
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Explain the causes of the Great Depression .
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Great Depression was caused by a combination of several factors.
- Which include the crash of the stock market in October 1929 due to which the spending capacity and investment of the consumers dropped which caused a decline in the output leading to laying off the employees.
- In 1933, around 15 million Americans had no job and half of the banks in the country had failed.
- The stock prices continued to increase and there was a catastrophic change in the country’s economy.
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"great depression was caused by combination of several factors " examine the statement.
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Explain any five factors that led to the Great Depression of 1929.
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