Ask Question
9 July, 01:16

Which situation was a basic cause of the Great Depression

+2
Answers (1)
  1. 9 July, 01:23
    0
    Speculation in the Markets

    Explanation:

    The best explanation is that people borrowed money to play the stock market and when the market crashed, they not only lost their money but they owed money still. This caused the credit market to freeze up as everyone's debt was occupied and lenders didn't have money to lend out anymore.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which situation was a basic cause of the Great Depression ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers