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Black_prince [1.1K]
3 years ago
14

What affect did the United States stock market crash have on the world economy

History
1 answer:
Maslowich3 years ago
6 0

Wages fell 42 percent as unemployment rose to 25 percent. U.S. economic growth decreased 50 percent and world trade plummeted 65 percent. As a result of deflation, prices fell 10 percent a year between 1929 and 1933. Below you can see a chart tracking key events leading up to the 1929 stock market crash.

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