Question

what is the cause of great depression around 1929 and mid-1930?

Answer 1

Economic historians usually attribute the start of the Great Depression to the sudden devastating collapse of U.S. stock market prices on October 29, 1929, known as Black Tuesday. However, some dispute this conclusion and see the stock crash as a symptom, rather than a cause, of the Great Depression.

Answer 2

Answer:

Causes of the Great Depression

• The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion.
• Banking panics and monetary contraction.
• The gold standard.
• Decreased international lending and tariffs.

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