0
There were two main reasons for the great depression. The first was inflation, chiefly caused by the federal government flooding the economy with money. The second was the great stock crash of 1929, which destroyed the fortunes of millions who had suddenly had too much money at their disposal.
Still curious? Ask our experts.
Chat with our AI personalities
Lao
Beau
Vivi
Add your answer:
Earn +20 pts
The Great Depression led to high unemployment as many companies?
instituted production cutbacks, which led to major layoffs
How did the Great Depression affect the lives of urban and rural Americans?
The Great depression effected Urban and rural communities because the prices got raised, unemployment, droughts and high taxes. Most countries in the world got effected by The Great Depression, but Japan Did not get effected strongly. The Great Depression lasted about ten years. My Grandpa was in the great depression, and yours too! (Unless your Grandpa is thirty-years old!)
Why do you think voters did not listen to Hoovers ideas about government?
beacuse during great depression they blamed him for it so great
A major cause for the colonies declaring their independence from Great Britain was the issue of what?
Taxation without representation
What were the root causes for the US's sense of isolationism in the late 1930s?
The major root cause for the sense of Isolationism portrayed by the United States in the 1930's was the Great Depression. With a World War I having just ended, the major economic catastrophe that hit the US caused our leaders to focus inward to affairs at home rather than abroad.
