Question

36. Explain THREE of the six causes of the Great Depression AND describe the effects the Great

Answer 1

1. The stock market crash- people losing the money they invested in it.
2. Banking crisis- people put their money in banks for safe keeping but banks lent out said money and the people were unable to get it back. Banking was unstable ie no liability on the banks end
3. Mass production- They over produced items because mass production was thriving during this time period but the goods were not being bought at the rate that they were being produced