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OlgaM077 [116]
3 years ago
13

Describe/explain the factors that contributed to the great depression

History
1 answer:
ipn [44]3 years ago
6 0

Answer:

The Great Depression was caused by many different factors including false sense of prosperity in America, the 1929 Stock Market Crash, Bank failures, lack of credit, bankruptcies, unemployment, reduction in purchasing, American economic policy and failures by the Federal Reserve, loss of exports, drought conditions and the Dust Bowl.

Explanation:

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Economic hardship and religious and political persecution were the main motives for most immigrants coming to the United States of America in the 1800s.

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Most immigrants escaped from poverty, crop failure, famine, land scarcity, labor shortages, unemploment and lack of economic opportunities. They saw America as a land of opportunity and so far, many newly-arrived continue to think of the US in such terms. However, many immigrants also escaped from political and religious persecution and repression.

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