In addition to the Stock Market Crash of what were the main underlying causes of the Great Depression? A Damage to the nation's psyche after WWI B People's consumption habits not keeping up with new technologies C Lack of upkeep of infrastructure after WWI due to War Debt. D Tariff and War Debt Policies, Farming Crisis, Income inequality, and lack of credit regulation.

Question

History

Calvin Benton

4 December, 23:00

In addition to the Stock Market Crash of what were the main underlying causes of the Great Depression? A Damage to the nation's psyche after WWI B People's consumption habits not keeping up with new technologies C Lack of upkeep of infrastructure after WWI due to War Debt. D Tariff and War Debt Policies, Farming Crisis, Income inequality, and lack of credit regulation.

+1

Answers (1)

Know the Answer?

Layla Davies · Answer 1

There are several causes of the Great Depression, in the early 20th century and they have been extensively discussed by economists and remain a matter of active debate.

Actually, there was an initial stock market crash that triggered a "panic sell-off" of assets. This was followed by unemployment, since over 13 million people were unemployed by 1932 and, as a result, there was a terrible impoverishment.

To sum up, the correct answer is letter "D": Tariff and War Debt Policies, Farming Crisis, Income inequality and lack of credit regulation.