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Causes and Impact of the Great Depression by Zabihullah Omerkhil is a document available to read on EtoBox.
1. The Great Depression was the worst economic downturn in modern history, lasting from 1929 to 1939. It was caused by stock market speculation, low wages, high consumer debt, and droughts. 2. The stock market crashed in October 1929, wiping out many investors and destroying consumer confidence. As businesses slowed production and laid off workers, unemployment rose sharply. Bank runs led to thousands of bank failures in the early 1930s. 3. Franklin Roosevelt was elected president in 1932 on promises to
- Author
- Zabihullah Omerkhil
- Language
- EN