Social Sciences, asked by harshit9939, 1 year ago

What was the main cause of great depression .


deveshdc123: falling of prices..and unemployment

Answers

Answered by dilkashahbab1
1
Stock Market Crash of 1929 - Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great Depression.
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Answered by ItzIshu
3

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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