1. Stock Market Collapse
... investors lost millions and unemployment skyrocketed .seven hundred banks closed in 1929 and eighty-five thousand businesses went bankrupt between 1929-1932." 1 The depression lasted for about a decade. It was preceded by a decade of prosperity. Though the stock market collapse did not cause the Great Depression by itself, it was a major factor. Other economic factors creating the Great Depressions were an over- dependence on mass production which required ... by restricted trade between America and Europe also contributed to the Great Depression. Stock market speculation went on throug...
- Word Count: 1658
- Approx Pages: 7
- Grade Level: Undergraduate