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.
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Blake
RafaAdd 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
How did European in Africa differ from that in China?
Economic Imperialism in China led to war and political collapse, while formal colonialism in Africa led to oppression of native peoples.
