Question

why did the wall street exchange collapse in 1929? answer with reference to the chapter nazism and rise of hitler, class 9 NCERT

Answer 1

The stock market crash of 1929 wasnot the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.