It didn't necessarily "cause" the depression, however, it allowed for more financial disruption. People in the twenties (1920s) were beginning to buy on margin, this new concept for them that excited them beyond belief. Unfortunately, what the began to do, is spend more money than they had, it was practically imaginary money that put the individual in debt.
Too many goods were being produced in factories (overproduction), and after the stock market crash and other factors, people stopped buying goods in an attempt to save money (underconsumption).
how did the great depression affected Belize
Not much.
The Great Depression and World War II hampered asset growth in mutual funds
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Too many goods were being produced in factories (overproduction), and after the stock market crash and other factors, people stopped buying goods in an attempt to save money (underconsumption).
how did the great depression affected Belize
Not much.
prices
The Great Depression was primarily caused by a combination of several factors, including the stock market crash of 1929, overproduction and underconsumption, unequal distribution of wealth, and the failure of the banking system. The stock market crash led to a loss of confidence among investors, triggering a downward economic spiral. Overproduction and underconsumption exacerbated the economic downturn, leading to widespread unemployment and poverty. The unequal distribution of wealth meant that the majority of the population did not have enough purchasing power to sustain economic growth, further deepening the crisis.
no one got acffected
irene
There is no answer
The Great Depression and World War II hampered asset growth in mutual funds
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6666
He did nothing about it to be honest...