History, asked by harsh679330, 1 year ago

what are the major cause of great deperrison​

Answers

Answered by BROKENKID
3

Stock Market Crash of 1929 - Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great Depression.


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Answered by Anonymous
1

the main cause of economic depression was in the beginning of the world war there were a lot of financial services given into war and due to this most of the money was given to war and the prices increased through this people started buying less goods and it become, for the whole word and as the buying was less so the production and evenly the whole economy disrupted

other reason could be The breakdown of stock market during that period and hence it contribute to the economic depression


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