Question

What economic factors and conditions converged in the late 1920s to plunge the nation into the Great Depression?

Answer 1

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.

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. The Depression resulted in the breakdown of around 20000 businesses and factories leaving behind many citizens jobless. Most of the businesses went insolvent and export plunged totally. These factors led to widespread starvation and bank raspy. Many citizens lost their lives out of starvation.  

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 traumatized the whole economic system of the nation leaving behind every one helpless 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, bank raspy

Answer 2

#1 farmers piled up debt, over produced food causing prices to fall. 
industry produced more than was bought, many items bought on credit
disparity in wealth; few getting wealthy and not spending enough to match the production output
prices declined, people panis and sold stock and took money out of the banks

#2 in beginning, had a hands-off policy
then adopted a volunteerism policy but business and labor did not work together
local and state governments did not have resources to help people on a local level
created RFC to get loans to businesses but funds did not trickle doen to citizens
unemployment and homelessness high
Hoover did not reaction quickly enough and relied too much on local, state, and private efforts to fix the economic problems



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