Question

Identify the causes and effects of the Great Depression

Answer 1

There is much disagreement among historians about the many causes of the Great Depression,and how those causes all fit together is a complex and hotly debated subject.However most historians emphasize speculative stock buying as a major cause of economic downturn.

Answer 2

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

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