THE GREAT DEPRESSION 1929 1940
THE WALL STREET CRASH OF 1929
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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America left Europe alone
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Europe was not affected by the Wall Street Crash
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Europe’s stock market crashed too
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America had to call back in their European loans
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Detailed explanation-1: -Big businesses and banking collapsed America’s GNP dropped by almost 50 per cent. Car production fell by 80 per cent and building construction by 92 per cent. Firms went bankrupt. Between 1929 and 1932 109, 371 businesses failed.
Detailed explanation-2: -October 29, 1929 The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately.
Detailed explanation-3: -The crash frightened investors and consumers. Men and women lost their life savings, feared for their jobs, and worried whether they could pay their bills. Fear and uncertainty reduced purchases of big ticket items, like automobiles, that people bought with credit.
Detailed explanation-4: -As the world economies were linked through international business, the Wall Street Crash resulted in an international depression . As a result of this international depression, and the need for money at home, the USA called in their international loans. Germany was reliant on international loans and investment.