What were the causes forthe Great Economic Depression?
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When the Wall Street Exchange crashed in 1929, people made frantic efforts to sell their shares fearing a fall in prices.On a single day 24 October 13 million shares were sold.This was the beginning of Great Economic Depression.
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Few causes of the Great Depression were:
Post world war, the global economy was weak.
Most of the European countries took loans from the US. When the number of loans was decreased, the countries which were economically dependent on US loans faced an acute crisis.
Agricultural over-production which was not compatible to demand in the market.
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