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What was economic crisis

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What was economic crisis

    • Posted by Suman Kumar 7 years ago

    CBSE > Class 09 > Social Science
    • 1 answers

    Gaurav Seth 7 years ago

    In USA, it began with the crash of the Wall Street Exchange in 1929, when USA could not recover back loans. Fearing a fall in price, people made frantic efforts to sell their shares. On a single day, 13 million shares were sold. Factories shut down, banks became bankrupt, exports fell, farmers were badly hit, leading to unemployment.

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