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Why did it take so long to get out of the Great Depression?

User Pastre
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1 Answer

12 votes

1. social security and insuring banks

2. market crashed from selling everything for people to get money off a false rumor

3. U.S governments placed Tarrifs on everything which is basically tax on foreign foods

4. Europe was in Debt to America after borrowing so much money so Europe could rebuild after WW1

5. Unemployment rose

6. people were dying or starving to death

7. banks closed

8. adding to number 2 people rushed to sell there stocks and even borrowed money from the bank to sell as stocks

9. banks withdrew foreign loans

10. people wanted their money from the bank

11. ALL OF THIS IS NOT IN ORDER

12. in other countries dictators rose to power

All of this is basically why it took every1 so long to get out of the great depression

and so on, i remember this because recently i had to do a What do you remember Global Depression Edition test.

hope this helped

User Simopopov
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