Social Sciences, asked by kks71, 11 months ago

what is the cause of Great Depression​

Answers

Answered by lily900000
0

Answer:

The stock market crash of 1929 touched off a chain of events that plunged the United States into its longest, deepest economic crisis of its history. ... It is far too simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction.

Answered by ItzIshu
2

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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