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Which of these was a reason for the collapse of the American economy which led to the Great Depression

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The boom of the 1920's rested on a weak foundation since the prosperity was not enjoyed by all economic groups.

User Tom Gullen
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Answer:

The collapse of the American economy which led to the Great Depression is discussed below.

Step-by-step explanation:

Causes of the Great Depression

  • The stock market collapse of 1929. Through the 1920s the U.S. stock market experienced a historic development.
  • Banking crashes and monetary reduction.
  • The gold standard.
  • Reduced worldwide lending and duties.
  • Overproduction of customer assets.
  • Reduction in demand and the buying of consumer assets.

User Adam Anderson
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