What Were the Causes of the Great Depression? How Did

Question

Examlex · Accepted Answer

The Answer is The Great Depression was caused by a combination of factors, including the stock market crash of 1929, overproduction, and a decrease in consumer spending. The collapse of the stock market led to a loss of confidence in the economy, causing businesses to cut back on production and lay off workers. This, in turn, led to a decrease in consumer spending, further exacerbating the economic downturn.

In response to the Great Depression, European states implemented various measures to try to mitigate its effects. Many countries, such as Germany and the United Kingdom, adopted protectionist policies to shield their domestic industries from foreign competition. They also implemented public works programs to create jobs and stimulate economic growth. Additionally, some European countries, such as the United Kingdom, also introduced social welfare programs to provide assistance to those most affected by the economic crisis.

Overall, the European states responded to the Great Depression by implementing a combination of protectionist policies, public works programs, and social welfare initiatives in an attempt to address the economic challenges they were facing.

What Were the Causes of the Great Depression? How Did

Essay

Correct Answer:
Answered by ExamLex AI

What Were the Causes of the Great Depression? How Did

Essay

Correct Answer:Answered by ExamLex AIShow Answer

Correct Answer:
Answered by ExamLex AI