History, asked by satviksingal, 1 year ago

how did the great depression originate in usa how did it affect the us economy

Answers

Answered by Anonymous
15
The great depression begans in 1929,during tis period there was a worldwide economic decline triggered by a decline in demand n fall in prices.d decline led to closure of factory production which in turn meant further decline in purchasing power of people leading to decline in demand .this effect called massive unemployment n decline of real incomes of common people n govt across d world.It initially began with a stock market collapsed in US.hence great depression had caused massive unemployment n economic breakdown n two world wars in which millions died n lives of many were dislocated was caused by great depression.
Answered by sonakshikothari18
0

Answer:

It began with the fall of wall street exchange company in 1929, when USA could not recover back from its loans. People feared that there will be a fall of prices. Fearing the fall of prices, people started selling their shares. Around 13 million shares were sold on a single day.

Explanation:

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