The stock market crash signaled the beginning of the Great Depression, yet the causes of the Depression had been planted well before 1929. Explain what brought on the Great Depression and why Hoover was not able to properly address the crisis.

Question

01-07-2021
History

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The stock market crash signaled the beginning of the Great Depression, yet the causes of the Depression had been planted well before 1929. Explain what brought on the Great Depression and why Hoover was not able to properly address the crisis.

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paynelove19 paynelove19 · Answer 1 · 2021-07-09T18:16:09+02:00

Answer:

The causes of the Great Depression were the usage of credit, layaway, and the pursuit of American lifestyle standards. Unfair distribution of wealth because to population growth. Massive sequence of unemployment was soon to follow. People withdrew money from the bank, causing the bank fail. Due to the weakness of the American government, President Hoover accomplished virtually little. Congress agreed to what he desired, but he ignored the concerns of people.

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