Question

What were the causes of great depression 0?

Answer 1

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.

Answer 2

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.