Question

Great depression was caused by several factors explain

Answer 1

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.

Answer 2

Causes of the Great Depression

• The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion.
• Banking panics and monetary contraction.
• The gold standard.
• Decreased international lending and tariffs.

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