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

History

1 answer:

kramer4 years ago

7 0

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.

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