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What event took place in October 1929 that many people

consider an important factor in causing the Great
Depression?

What event took place in October 1929 that many people consider an important factor-example-1
User Large
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1 Answer

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Answer:

stock market crash

Step-by-step explanation:

The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.

User Leech
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