laiannitell03 laiannitell03
  • 22-01-2020
  • History
contestada

explain what happened after the stock market crash of 1929

Respuesta :

nene878
nene878 nene878
  • 28-01-2020

Answer: The Great Economic Depression.

Explanation:

Among the first results of the economic depression is an increase in the unemployment rate, which has jumped from 3% to 25%. About 10,000 banks failed and over a million farmers were left without property.

Industrial production decreased, so the automotive industry reduced output by 60%. Stocks fall. Yet the most harmful factor in the crisis is unemployment, which has also been reflected in other capitalist countries.

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