A major cause of the economic depression of 1929 was

History

2 answers:

natali 33 [55]3 years ago

7 0

Answer:

decline in consumer purchasing power.

Explanation:

A major cause of the Depression of 1929 was decline in consumer purchasing power. During the 1920s people were purchasing goods on credit though they did not really possess the long-term ability to pay for the goods they got. The gold standard was not an issue, and public works projects and government assistance programs were not a major concern until the 1930s.

Mamont248 [21]3 years ago

3 0

A major cause of the economic depression of 1929 was the banks investing all the peoples money and the stock market crashing.

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