what is meant by great Depression? write any two causes of it.
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It is the condition when a person is in the debt trap possible reason are : credit from informal sector and high risk
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hi,
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s.[1] It was the longest, deepest, and most widespread depression of the 20th century.[2] In the 21st century, the Great Depression is commonly used as an example of how intensely the world's economy can decline.[3]
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The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s.[1] It was the longest, deepest, and most widespread depression of the 20th century.[2] In the 21st century, the Great Depression is commonly used as an example of how intensely the world's economy can decline.[3]
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mahikhan56:
what r it's cause
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