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Question
Which of the following was a cause of the Great Depression?
Which of the following was a cause of the Great Depression?
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Solution
The correct option is C Stock market crash
Suddenly on 24th of October, 1929, a large number of shares began to be sold in the ‘Wall Street’ stock market. This led to the collapse of the most important stock market in the USA. This event is popularly known as the ‘Wall street crisis’. This crash led to the Great Global Depression. Most of the countries were severely affected by the crisis.
Suddenly on 24th of October, 1929, a large number of shares began to be sold in the ‘Wall Street’ stock market. This led to the collapse of the most important stock market in the USA. This event is popularly known as the ‘Wall street crisis’. This crash led to the Great Global Depression. Most of the countries were severely affected by the crisis.
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