0
The effect of the Great Depression was huge across the world. Not only did it lead to the New Deal in America but more significantly, it was a direct cause of the rise of extremism in Germany leading to World War II.
What caused the Great Depression was a combination of domestic and worldwide conditions. There is no agreed upon list of all its causes.
With the Stock Market crash and the fears of further economic woes, individuals from all classes stopped purchasing items. This then led to a reduction in the number of items produced and thus a reduction in the workforce. As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans and their items were repossessed. More and more inventory began to accumulate. The unemployment rate rose above 25% which meant, of course, even less spending to help alleviate the economic situation.
Wiki User
β 11y ago
Add your answer:
Earn +20 pts
What are the factors affecting community health?
1. Political factors 2. Socio-cultural factors 3. Economic factors 4. Environment factorspolitical,socio-economic,heredity,environment,bahavior, and health care delivery systems
To what exitent was economic factors responsible for the colonization of east Africa?
factors for colonisation of east africa
What is 'regionalism' List down major economic factors responsible for regionalism in India?
1. What is 'regionalism? List down the major economic factors 10 responsible for regionalism in India.
The economic indicator that measures inflation in the factors of production is called?
ppi
Factors of production history?
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
What was the severe economic slump that followed the collapse of the stock market in 1929?
The Great Depression
An accurate statement about the great depression of the 1930s is that?
a variety of factors combined to bring about the economic collapse
What led to the the collapse of the soviet union?
soviet economic collapse
What are the factors of 1929?
The positive integer factors of 1929 are: 1, 3, 643, 1929
What happened to banks and businesses in the economic collapse?
Many businesses and banks were forced to close during the economic collapse.
What year did the market collapse?
AnswerThe stock market collapsed in 1929 at the peak of the Great Depression.AnswerOctober 1929.
When did the wall street stock exchange collapse?
October 1929.
What was the worst and longest economic collapse?
your moma was.
Is it true that USSR found a fish in the ocean and cause their collapse?
No. I don't even have any idea what you could possibly be talking about. The collapse of the Soviet Union was due to political and economic factors; fish really don't enter into the equation at all.
What are three factors of suicide?
There are many reasons why a person finds the need to kill themselves. Among them are drug and alcohol problems, depression, mental illness, and economic collapse.
What are the example that economic factors linked to non-economic?
examples of non economic factors
Why did the Great Depression cause strikes?
The Great Depression caused many people to get a decrease in pay, lose their jobs, and business to collapse because of the worldwide economic downturn starting in 1929 in which the stock market suddenly crashed.
