What economic issue began after the stock market crash in 1929?

History

1 answer:

puteri [66]3 years ago

5 0

Answer:

nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

Explanation:

The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

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