Question

Explain how the economy went from apparent prosperity to a severe depression between 1929 and 1932. what brought about this dramatic change? who and what was affected?

Answer 1

The economic success of after ww1 were founded on a very fragile string. the industrialists were benefiting, while the workers conditions remained poor. This disparity resulted to a lot of goods chasing less money, which altogether led to a crash of the economy.the depression afected workers who lost their pension, and industrialists who made losses, and the banking sector.