Give one reason for the collapse of the american economy which led to the great depression?

Question

Santiago

History

9 May, 03:24

Give one reason for the collapse of the american economy which led to the great depression?

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Answers (2)

Know the Answer?

Hugh Palmer · Answer 1

The Stock Market Crash of 1929

Explanation:

The stock market crash of 1929 was a four day collapse that began in 1929. The Stock market crash lost the equivelent of $396 billion today. It destroyed confidence in the Wall Street markets and led to the great depression.

Ezekiel Kirk · Answer 2

The Stock Market Crash of 1929

Explanation:

The stock market crash of 1929 affected a series of circumstances that rushed the United States into the largest, most difficult economic disaster of its history. It is very oversimplified to see the stock market crash as the only basis of the Great Depression. A strong economy can grow from such a reduction.