In your opinion what was the most significant factor the led to the Great Depression? Be sure to answer in paragraph form and to provide examples to back up your answer.

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29-06-2022
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In your opinion what was the most significant factor the led to the Great Depression? Be sure to answer in paragraph form and to provide examples to back up your answer.

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Parrain Parrain · Answer 1 · 2022-06-30T17:52:03+02:00

The most significant factor that led to the Great Depression was in many people's opinions, the Stock Market Crash of 1929.

What happened during the Stock Market Crash?

The Stock Market Crash meant that billions of dollars was lost when stock prices plummeted.

This meant that many were unable to pay back the loans they used in buying stocks, and banks didn't have money to pay their depositors because they had given them out as loans.

This created bank failures that impacted the economy in no small manner.

Find out more on the Stock Market Crash of 1929 at https://brainly.com/question/5144627.

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