<em><u>Crash of Stock market, financial recession, and major bank failure are some of the economic factors and conditions converged in the late 1920's to plunge the nation into the Great Depression.
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Further Explanations:
The First World War left the economy of the United Nations in a severe condition that resulted in the Great Depression which led to the fall of economies USA. Protectionism, Congressional fares, and speculation added to the stock market breakdown of the United States. By 1933, most of Europe and the USA were in the clutches of the Great Depression, leaving many citizens unemployed.
The Depression led to idleness as it resulted in the breakdown of around 20000 businesses and factories. Most of the businesses went bankrupt and export got plunged totally. These factors led to widespread starvation, idleness and bank raspy. Many citizens lost their lives out of starvation. The whole economy of the nation got shattered in a short interval.
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Answer Details-
Grade: High School.
Subject: History
Chapter: The Great Depression
Keywords:
Great Depression, stock market crash, economy, war reparations, economic devastation, loans, stock crash, USA, Protectionism, Congressional fares, and speculation, starvation, idleness and bank raspy