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Which situation was a basic cause of the Great Depression

User Muslimah
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1 Answer

4 votes

Answer:

Speculation in the Markets

Step-by-step explanation:

The best explanation is that people borrowed money to play the stock market and when the market crashed, they not only lost their money but they owed money still. This caused the credit market to freeze up as everyone's debt was occupied and lenders didn't have money to lend out anymore.

User Dave Kidder
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