What were the possible causes of the Great Depression?

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History

Kade Spencer

5 July, 15:22

What were the possible causes of the Great Depression?

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Hanna Welch · Answer 1

Answer:• Property and land prices collapsing after a property boom, causing investors to lose money.

• Too many people speculating on the stock market to try and make money quickly.

• Black Tuesday - the stock market crash that happened on October 29, ...

• Unbalanced distribution of wealth: wealthy Americans owned more than a third ...

Mareli Newton · Answer 2

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.