Question

List at least one factor that contributed to the crash of the Stock Market and the Great Depression.

Answer 1

-American economic policy with Europe
-drought conditions
-the banks (almost half in America) failed to cause the stock market to crash
1933: 15 million Americans lost their jobs --- 30% of workforce

Answer 2

→ stock market speculation

→ too much buying of stocks on margin

→ low farm prices

→ bank failures

→ too much reliance on consumer credit

→ a drop in consumer spending

→ industrial overproduction

→ failing consumer confidence