Why was the stock market crash and the Great Depression not the same thing

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asked Oct 1, 2024 216k views

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Digvijay Upadhyay · Answer 1 · 2024-10-07T17:34:10+0000

Answer:

The 1929 crash didn't cause the Great Depression outright, with only 10% of Americans invested in the market, but it lowered consumer spending, caused panic that worsened an ongoing recession, reduced corporations' assets and hurt their future prospects, and contributed to a banking crisis.

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Why was the stock market crash and the Great Depression not the same thing

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