What caused the Great Depression? Please consider various alternatives that have been proposed by historians and do not hesitate to share your opinion of each of them. explain deeply please
What caused the Great Depression? Please consider various alternatives that have been proposed by historians and do not hesitate to share your opinion of each of them.
explain deeply please
Economic Depression began in 1929, and soon countries felt its repercussions. Prices fell, businesses collapsed, trade reduced, banks failed, and the shrinking economy left thousands unemployed. The Great Depression started in the US, but countries across the globe were affected, especially the European countries that depended on America's capitalist economy. The collapse of the capitalist economy increased the significance and power of Communist Russia. The Great Depression changed the political and economic situation in many countries. The economic crisis allowed fascist leaders like Hitler and Mussolini to rise to power in their respective countries.
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