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The Great Depression, which began in 1929, was primarily triggered by the Stock Market crash in the United States, leading to widespread bank failures and a severe contraction of consumer spending. Contributing factors included overproduction, high tariffs like the Smoot-Hawley Act, and a lack of financial regulation. Additionally, global economic instability and the collapse of international trade exacerbated the crisis. The resulting unemployment and poverty had lasting impacts on society and government policies.

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1mo ago

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