History, asked by Sandeep4330, 11 months ago

What were the causes of great depression 60 to 80 words?

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Answered by manishankar75
1

the great depression was a severe worldwide economic depression that took place mostly during the 1930s beginning in the United States the timing of the great depression valid across nation in most countries it started in 1929 and lasted until the late 1930 it was the longest deepest and widespread depression of the 20th century in the 21st century the great depression is commonly used as a example of how intensely the world's economy can decline

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Answered by ItzIshu
4

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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