Question

Some of the international causes of the Great Depression

Answer 1

The principal reasons for the Great Depression are :

• the decade of the 1920s' speculative boom.
• 1929 stock market collapse
• Problems with overproduction and oversupply.
• Lack of demand and rising unemployment
• mistakes made by the Federal Reserve.
• A limited presidential response.

What was the great depression?

Between 1929 to 1939, there was a severe global economic crisis known as the Great Depression. It started as a result of a sharp decline in American stock values.

The Great Depression Facts:

1. Between 1929 and 1933, the stock market experienced an almost 90 percent loss in value.
2. During the Great Depression, 11,000 banks failed, leaving many people without any savings.
3. Around 3% of the population was unemployed in 1929.

The Great Depression saw a 40% decline in the average family income.

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