Who were the first individuals to be hit hard by the stock market crash and the Great Depression? Farmers bankers investors workers

Question

History

Cynthia Knapp

9 December, 23:13

Who were the first individuals to be hit hard by the stock market crash and the Great Depression? Farmers bankers investors workers

+1

Answers (2)

Know the Answer?

Morgan Mccoy · Answer 1

The farmers were the first to be affected.

Kaiya Osborn · Answer 2

Farmers were the first individuals to be hit hard by the stock market crash and the Great Depression. Option A is correct.

The Great Depression was the worst economic downturn in the history of the industrialized world, which protracted from the stock market crash of 1929 to 1939.

Agriculture and rural areas suffered a strong impact by the fall of crop prices, which reached approximately 60%. As a result of the falling demand, the areas which relied on the primary sector industries were the first to be affected.