short note on great depression of 1929
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The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
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This great depression was stated in 1929 and lasted Upto 1939.
This was caused due to the economy decline because of the decline in demand and fall in prices
Factories were closed because the demand was low
Since the goods were manufactured in limited quantities, the price was increased
And because of this the purchaseing power of people is reduced
this had led to unemployment
the great effect was on Russia
This was caused due to the economy decline because of the decline in demand and fall in prices
Factories were closed because the demand was low
Since the goods were manufactured in limited quantities, the price was increased
And because of this the purchaseing power of people is reduced
this had led to unemployment
the great effect was on Russia
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