History, 30.06.2020 02:01 mjakabeast24
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?
Answers: 2
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The Great Depression was a worldwide economic disaster.
Many factors weakened the U. S. economy in...
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