Which of the following was a factor that contributed to the Great Economic Depression (1929-1932)?
Formation of the Soviet Union
Collapse of Wall Street Exchange
The correct option is D Collapse of Wall Street Exchange
Wall Street Exchange, the world’s biggest stock market, collapsed in the year 1929. Over the next three years, factories closed down, thousands of banks failed, people lost their jobs, exports fell sharply, and farmers were hit badly. The effects of economic depression could be felt across the world.