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What were the reasons for great …

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What were the reasons for great economic depression of 1930 ?

Posted by Ashu Raj 6 years ago

CBSE > Class 10 > Social Science

1 answers

Anmol Malik 6 years ago

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

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