Question

what led to the great depression in 1929?​

Answer 1

The causes of the Great Depression in the early 20th century have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises. The specific economic events that took place during the Great Depression are well established. There was an initial stock market crash that triggered a "panic sell-off" of assets. This was followed by a deflation in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade, ultimately resulting in widespread unemployment and impoverishment.

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Answer 2

Explanation:

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

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