216k views
5 votes
Why was the stock market crash and the Great Depression not the same thing

User Bkhanal
by
8.3k points

1 Answer

0 votes

Answer:

The 1929 crash didn't cause the Great Depression outright, with only 10% of Americans invested in the market, but it lowered consumer spending, caused panic that worsened an ongoing recession, reduced corporations' assets and hurt their future prospects, and contributed to a banking crisis.

Step-by-step explanation:

User Digvijay Upadhyay
by
7.3k points