Question

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Describe 2 causes and 2 effects of the great depression.

Answer 1

Answer/Explanation

stock market crash triggered the Great Depression, multiple factors turned it into a decade-long economic catastrophe.

The Great Depression had devastating effects in both rich and poor countries. Personal income

Answer 2

Answer:

causes:

stock market crashes

People rushing to withdraw their money from banks caused many bank failures in the United States and elsewhere in 1930–33, decreasing the amount of money available for loans. Also, people who had taken out loans were unable to pay back the banks.

Explanation:

effects:

Economic crisis spread from the United States to the rest of the world as international trade declined.

Abrupt decline in standards of living occurred around the world.