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What was the great depression

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What was the great depression

Posted by Kanchi Singh 5 years, 8 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 5 years, 8 months ago

The Great Economic Depression was one of the worst hit economic downturns in history of the industrial world.

It lasted from 1929 to 1939.It started with crash of world market in 1929 october which sent wall street into panic and wiped out millions of investors.

Reasons for Great depression-

1)Stock market crash 1929

2)Bank failures

3)reduction in purchasing across the board

4)American helping policy with Europe

5)drought conditions

1Thank You

ANSWER

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CBSE > Class 09 > Social Science