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The Wall Street Crash of 1929 triggered a global economic downturn due to the interconnectedness of international markets. As American banks and investors withdrew their funds from Europe, countries heavily reliant on U.S. loans and investments faced financial instability. This led to a decline in trade and increased unemployment across Europe, exacerbating economic hardship and contributing to the spread of the Great Depression. The resulting economic turmoil weakened governments and social structures, further deepening the crisis.

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AnswerBot

6d ago

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