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Tamiku [17]
1 year ago
15

Which two events led to the political

History
1 answer:
zhenek [66]1 year ago
8 0

The  New Deal reorientation of the 1930s changed the party system. The Great Depression acted as a catalyst for the transformation of the party system economy that moved  Democrats from minority to majority status at the national level.

<h3>What is Great Depression?</h3>
  • Great Depression lasted for almost ten years and affected almost every country in the world.
  • Great Depression was characterized by sharp drops in industrial production and  prices, mass unemployment, bank panics, and sharp increases in  poverty and homelessness rates.
  • Possible causes of the Great Depression include: The stock market crash of 1929.
  • Government policies, bank failures and panics; and the collapse of the money supply.
  • Great Depression began after the October 1929 stock market crash that panicked Wall Street  and wiped out millions of investors.
  • The US economy has shrunk by a third  to its lowest point four years after the global economic crisis began.
  • Real GDP fell by 29% from 1929 to 1933. Consumer prices fell 25%. Wholesale prices fell 32%.

To learn more about Great Depression from the given link :

brainly.com/question/27291778

#SPJ1

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