Economy, asked by ishita1446, 1 year ago

What do you mean by great depression and write about it?

Answers

Answered by anagha19
1
depression is something you feel when we are sad ... we can overcome it only and only if we have Ray of hope ....hope it helps
Answered by Rememberful
9

Causes :

1. Agricultural over production was a problem. As prices slumped, rotting of farm produce also held.

2. US then given loans to many counties.

3. Financial crisis led to panic if US overseas lenders.

4. Banks were bankrupt and were forced to close down in US and Europe as they were unable to recover their investment.

5. All loans were stopped by American capitalists.

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