What are the causes of great depression 1929?Explain?
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1.THE WALL STREET EXCHANGED CRASHED IN 1929
2.OVER THE NEXT THREE YEARS FROM 1929 TO 1932 THE NATIONAL INCOME OF USA FELL BY HALF
3.FEARING A FALL IN PRICE PEOPLE MADE FRANTIC EFFORTS TO SELL THEIR SHARES
4.SPECULATORS WITHDRAW THEIR MONEY FROM THE MARKET
5.EXPORT FELL AND FARMERS WERE BADLY HIT
2.OVER THE NEXT THREE YEARS FROM 1929 TO 1932 THE NATIONAL INCOME OF USA FELL BY HALF
3.FEARING A FALL IN PRICE PEOPLE MADE FRANTIC EFFORTS TO SELL THEIR SHARES
4.SPECULATORS WITHDRAW THEIR MONEY FROM THE MARKET
5.EXPORT FELL AND FARMERS WERE BADLY HIT
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Answer:
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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