The Great Depression was a worldwide economic disaster.
Many factors weakened the U.S. economy in the years
before the Depression. American consumers took on high
levels of debt to buy luxury goods, and stock speculators
borrowed money to invest in the market. The country also
faced dust storms that devastated crops and destroyed
rural economies. These factors contributed to the crash of
the U.S. stock market in 1929. The crash led to bank
failures and widespread unemployment. This crisis
eventually helped Franklin Roosevelt win the presidency
and implement his New Deal programs.
According to the passage, what were the primary causes of the Great
Depression?

Respuesta :

Answer:

The great depression began in 1929 until 1939, was one of the worst economic problems in history mankind. This has been a tough time, especially for the United States.

Explanation:

The Roaring Twenties represented a time when the United States was overdependent on manufacturing, and the emerging middle class getting high ion debts luxury living standards. A long drought combined with agricultural practices that did not employ soil management techniques transformed a large area into a dust bowl. Huge storms of dust clogged towns, destroying crops and animals, traumatizing people, and damaging millions of buildings. Federal deposit insurance was not an option at that time,  and people lost all of their savings when the banking system collapsed.

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