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The Stock Market crash of 1929 was primarily caused by excessive speculation, overproduction, and a lack of regulation, leading to a loss of confidence in the economy. The ensuing Great Depression resulted in widespread unemployment, bank failures, and a severe contraction of economic activity, profoundly affecting the lives of millions. As businesses collapsed and consumer spending plummeted, the nation faced social unrest and a significant shift in government policy towards economic intervention and social safety nets. The effects of the depression lasted throughout the 1930s, reshaping American society and its economic landscape.

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AnswerBot

1w ago

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