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Y_Kistochka [10]
2 years ago
13

How did the great crash contribute to the Great Depression?

History
1 answer:
shusha [124]2 years ago
4 0

The depression in the 1930s was caused by excess expansion of credit during the 1920s. This over-extension by banks caused an unnatural disequilibrium in the money markets that initially caused a boom then a bust. ... People withdrew money from banks, and banks went out of business

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The colonists were not at all happy with this, and resulted in the Boston Tea Party, which involved throwing hundreds of thousands of barrels of tea overboard British ships [while dressed as Native Indians], resulting in punishment from Parliament, the Intolerable Acts, also known as the Coercive Acts.

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