Which situation was a basic cause of the Great Depression

Question

Kingston Donaldson

History

9 July, 01:16

Which situation was a basic cause of the Great Depression

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Answers (1)

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Copper · Answer 1

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.