Which event trigered the Great Depression?

Answer 1

Most people think that the Stock Market Crash of 1929 triggered The Great Depression. Many other factors contributed to triggering The Great Depression, including drought, Europe's slow recovery from World War I, reduction in purchasing, and more.

Answer 2

The Stock Market Crash in October 1929 is remembered by Americans as the trigger for the Great Depression. However, much of the rest of the world have been in a depression long before that.

Nova Net Answer: Stock prices crashed when millions of shares of stock were sold.

Answer 3

The Stock Market Crash of 1929 signaled the beginning of the Great Depression, it was not the cause of the Depression.

There were several major causes of the Great Depression in the United States.

1. Unequal distribution of wealth. There was not a large middle class. While wages were rising for the majority of workers, they were not keeping pace with the increase in the cost of living or the wealth in the hands of the industrialists and others in the upper income classes.

2. There was over speculation in the Stock Market, which was not regulated.

Many Americans purchased stock on credit. This was known as margin buying.

3. Increased manufacturing and agricultural output, but wages that did not keep pace for the consumers to purchase all that was produced or grown. Hence, inventories increased and agricultural income remained low.

4. Buying on credit, known in the 1920s as installment buying. People purchased things like refrigerators on time, and did not have money to pay for the product in the future, when the bills became due.

5. Federal regulations on businesses also contributed to the cause. Especially favorable to the large corporations were the taxes laws which were written

to encourage business expansion.

6. Banks were permitted to speculate in land and the stock market with little

government regulations.

7. High tariffs and war debts helped spread the depression world wide.

Answer 4

The stock market crash that occurred on October 29, 1929 is primarily responsible. It soon led to the worldwide economic downturn known as the Great Depression.

Answer 5

The Stock Market crash of 1929 is the number one action that triggered The Great Depression in the United States.