Pls check my answers How did the Great Depression begin

1 answer:

8 0

Another big factor of the great depression was "over production and under consumption" so people didn't buy as many things as the companies were making, causing them to fire workers, so then those without jobs would save their money instead of spending it, causing lost profit and more layoffs (a big circle of loss) also the rumors that the banks weren't going to give people their savings so everyone ran to pull their accounts at once after the stock market crash. the second question seems good. the last one seems good too, hoover just thought the great depression was a passing recession and didn't feel the need to have the government intervene

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