what what were the causes of the Great Depression explain any three
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Stock Market Crash of 1929 - Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29,1929 is one and the same with theGreat Depression. In fact, it was one of the major causesthat led to the Great Depression. The Roaring 20's.
dolly2543:
but I want three causes
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Answered by
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Causes of Great Depression:
(i) Post-world war economy of the world was fragile.
Agricultural over production was a problem. As
prices slumped, farm produce rotted.
(ii) Many countries financed loans from the U.S.
(iii) U.S. overseas lenders panicked at the sign of
financial crisis.
(iv) Thus, banks were bankrupt and were forced to
close down in Europe and in the US because
they were unable to recover investments, collect
loans and repay depositors.
(v) American capitalists stopped all loans.
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