Answer to Question #243985 in History for NEO

Question

Discuss the causes of the worldwide Great Depression in the 1930s and the reasons for the
eventual economic recovery.

Answer 1

It all started after the October 1929 stock market crash, which plunged Wall Street into a frenzy and wiped out millions of investors. Consumer spending and investment fell sharply during the next few years, resulting in significant drops in industrial output and employment as failing businesses laid off workers.