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overspeculation, expansion of credit, debt, high tariffs
Yes, the stock market crash did begin the great depression but it wasn't the only cause. The depression was also due to the tariffs/war debt policies, factories producing more than consumers demanded, farm sector crisis, easy credit, and unequal distribution of income. The stock market crash just tipped it all off.
During the Great Depression of the 1930s, the national government was in debt. They had to increase their spending for public services, such as food assistance because people were too poor.
Stock Crash- Black Tuesday- People in debt- Bank Panics Etc.
Answer this question… Consumers with high levels of debt could not pay their bills if they were unemployed for even a short time.
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Falling demand and rising debt were significant problems in the United States during the 1920s, leading to the economic downturn that culminated in the Great Depression. The stock market crash of 1929 exacerbated these issues by causing further decreases in demand and widespread debt defaults.
It led to the Great Depression because the U.S. was in debt to other countries
overspeculation, expansion of credit, debt, high tariffs
Yes, the stock market crash did begin the great depression but it wasn't the only cause. The depression was also due to the tariffs/war debt policies, factories producing more than consumers demanded, farm sector crisis, easy credit, and unequal distribution of income. The stock market crash just tipped it all off.
Yes
World War II got Americans out of the great depression People were more willing to take on debt.
During the Great Depression of the 1930s, the national government was in debt. They had to increase their spending for public services, such as food assistance because people were too poor.
Stock Crash- Black Tuesday- People in debt- Bank Panics Etc.
Answer this question… Consumers with high levels of debt could not pay their bills if they were unemployed for even a short time.
The Great Depression was caused by a combination of factors including the stock market crash of 1929, overproduction, high levels of debt, banking panics, and a severe downturn in international trade. These factors led to a dramatic decrease in consumer spending, business investment, and economic activity, resulting in widespread unemployment and financial hardships.
American stockholders took on increasing debt to buy shares of stock that eventually lost its value