geminiana2004 geminiana2004
  • 08-04-2021
  • History
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How did the Crash of the Stock Market cause the Great Depression?

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ryuvrajsingh1298
ryuvrajsingh1298 ryuvrajsingh1298
  • 08-04-2021

Answer:

The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

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