The great depression of 1929 was …

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The great depression of 1929 was caused by a combination of several factors . What were these factors?

Posted by Sneha Chaudhary 5 years, 10 months ago

CBSE > Class 10 > Social Science

3 answers

Yogita Ingle 5 years, 10 months ago

Causes of Great Depression :

(i) Post-World War economy of the world was fragile. Agricultural over production was a problem. As prices slumped, farm produce rotted.

(ii) Many countries financed loans from the U.S.

(iii) U.S. overseas lenders panicked at the sign of financial crisis.

(iv) Thus, banks were bankrupt and were forced to close down in Europe and in the U.S. because they were unable to recover investments, collect loans and repay depositors.

(v) American capitalists stopped all loans.

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Manju Devi 5 years, 10 months ago

Is cheque facility is in demand deposits . Justify

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