asked 78.4k views
3 votes
Which response to the stock market crash of 1929 helped cause the great depression?

asked
User Oferei
by
8.2k points

2 Answers

2 votes
paople took too much money from banks and could not pay back so great depression
answered
User Radin Reth
by
7.5k points
4 votes

What helped cause the Great Depression, also known as the Crisis of the 29th, was a global economic crisis.

In which the banks, began to reject orders of loans that had houses as collateral, and with this many had to sell their houses to pay mortgages that could not pay.

With the houses falling in price, the "real estate bubble" broke out in a short period of time.

They also fell: National income, tax revenues, corporate profits and prices. International trade declined, and unemployment increased.

answered
User Assen
by
8.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.