what were the causes of the great depression after the first world war describe any two effects of it
Answers
Answer:
Banking panics and bank failures in the U.S. and elsewhere in 1930-33.
A monumental decline in spending that generated a decline in production.
Decision-making by the U.S. Federal Reserve that caused declines in the money supply.
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Answer:
A global economic collapse was facilitated by the debt, protectionism, and painful reparations left over from World War I during great depression.
Explanation:
The stock market fall had an adverse effect on banks, causing them to fail as more customers withdrew their savings, causing them to close. reduced spending as a result of lower savings. The Tariff Act of 1930, sometimes known as the Smoot-Hawley Tariff, levied hefty duties on imported products.
A global economic collapse was facilitated by the debt, protectionism, and painful reparations left over from World War I. A global economic collapse was facilitated by the debt, protectionism, and painful reparations left over from World War I during great depression .
Production, employment, incomes, and trade all saw sharp decreases. The decline in agricultural prices and the devastation of metropolitan centers had the greatest impact on rural regions and communities. People were living in poverty as a result of unemployment, and in squalid circumstances.
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