Question

Explain what was occuring related to the consumer spending and stock prices in the summer of 1929

Answer 1

Answer:

The Great Depression

Explanation:

The stock market crash of 1929 was one of the major causes of the Great Depression and it acted to accelerate the global economic collapse. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

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