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How did stock mark activity on October 29, 1929, contribute to the great depression?

User Swbradshaw
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♡ The Question ♡

-How did stock market activity on October 29, 1929, contribute to the Great Depression?

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♡ The Answer ♡

-Stock prices dropped quickly and dramatically, leaving investors with less money to repay loans.

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♡ The Explanation/Step-By-Step ♡

-The stock market crash of October 1929 resulted in many loan defaults, contributing to the start of the Great Depression.

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♡ Tips ♡

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User Goran Mottram
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