What were the main features of features of economic depression in 1929?
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Answered by
24
firstly price of commodity was much increased ,and secondly maximum employees became unemployeess
one more point except Russia (USSR) all the countries have faced this depression.
hope it helps u bro
one more point except Russia (USSR) all the countries have faced this depression.
hope it helps u bro
Answered by
30
agricultural overproduction was the main factor.
major banks and companies collasped as us called back loans.
farms could not sell their harvest.
many households could not repay the loan that they had taken and were forced to give up their properties.
unemployment soared and people travelled in search of work.
major banks and companies collasped as us called back loans.
farms could not sell their harvest.
many households could not repay the loan that they had taken and were forced to give up their properties.
unemployment soared and people travelled in search of work.
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