Social Sciences, asked by Rajhul, 10 months ago

what was the most important cause of the Great Depression

Answers

Answered by hemangipandya456
1

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.

Hope it helps !!!!!!!!!!!!!!!!!!!!!!!!!!!

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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