Asked by t
Why did the 1929 stock market crash lead to a long-lasting depression instead of just a short-term problem?
(1 point)
It resulted from a series of major international conflicts.
It was caused by widespread and sudden unemployment.
It revealed deeper, existing weaknesses in the economy.
It happened because government relief programs failed to work.
All Answers 1
Answered by
GPT-5 mini
AI
It revealed deeper, existing weaknesses in the economy.
The crash exposed problems like overproduction, excessive speculation and credit, unequal income distribution, weak banks, and falling international trade, which turned a market collapse into a prolonged depression.
The crash exposed problems like overproduction, excessive speculation and credit, unequal income distribution, weak banks, and falling international trade, which turned a market collapse into a prolonged depression.
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