Question

great depression was caused by combination of several factors examine the statement​

Answer 1

Answer:

• Great depression was a period of high tension in several terms like employment, food grains, trade etc.
• It took place in different period in different countries howver it began around 1929 and enden in 1930 leaving a long lasting impact in the world population
• The most suffering communities were the agricultural communities and region
• Great depression was a cause of several factors like:

1. AGRICULTURAL GLUT IN EXCESS

Due to the lowering of agricultural produce prices a large quantity of production was done by the farmers in hopes of better income howver it worsened the locale and created a gluT

1. AMERICAN WITHDRAWING LOANS

American lenders at the first sight of trouble panicked and refused on raising loans. In around 1928 overseas loan in US was $1billion which came down to 1/4th of it a year later

This badly affected the countries depended on US for their economy

1. AMERICAN TARRIF BARRIERS

With the sense of the upcoming g depression america increased it tarrif barriers inorder to prevent the import of any foreign goods thus making a trial to protect its economy

• These all eventually affected the world trade severely and creating a stiff ground for the great depression to take pace

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