What were the causes of great depression of 1929 in points?
Answers
it was the worst economic downtorn in the history of the industrilized world, lasting from 1929 to 1939
It began after the stock market crash of october 1929
it wiped out millions of investors and panicked wall street
for next several years consumer spending and investment dropped
it caused steep decline in industrial output and employment as failing companies laid off workers.
By 1933, when it reached at its lowest point 15 million Americans were unemplyed and half the countrys bank failed
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.