What led to the Great Depression - Deepstash

What led to the Great Depression

While the USA proved to be by far superior to Europe both financially and industrially, after having got its independence, it did know a huge economic crisis in 1929, through the crash of the Wall Street stock market.

Everything started on the 18th of October, when prices fell sharply, resulting in customers rushing to withdraw their money from the banks, which might have actually been the real cause of the depression. Furthermore, what made this crisis even more memorable is that it spread around the world in almost no time.

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joa_fu

Creator. Beer ninja. Travel lover. Twitter evangelist. Lifelong writer. Zombie expert.

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.. was a devastating economic collapse which started in the US in 1929, lasting a decade. Europe was already struggling post the WWI recession, while the US was thriving. As borrowings and stock purchase increased, Wall Street went into a meltdown as soon as the share prices nosedived. This l...

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