Question

Who were the first individuals to be hit hard by the stock market crash and the Great Depression?

Answer 1

Answer:

Farmers were the first individuals to be hit hard by the stock market crash and the Great Depression.

Explanation:

• The Great Depression and the crash in the stock market made the farmers to be the most affected.

• This phenomenon was the world’s most dramatic economic downturn that affected the world economy very badly, bringing a dark history to the industrialized world.

• As crop prices fell sharply, agricultural and rural areas were impacted very badly, with the fall going to more than 60%.

• As the demand fell drastically, the primary sector industries on which many areas relied upon were the first to be affected.