The three factors that caused the Great Depression are:
1. The stock market crash of 1929: The crash of the stock market in October 1929 signaled the start of the Great Depression. It led to a severe decline in stock prices and caused millions of investors to lose substantial amounts of money.
2. Failed crops and drought: In the early 1930s, the United States experienced a severe drought that resulted in failed crops and significant agricultural losses. This had a detrimental impact on the economy, particularly in rural areas, as farmers' incomes plummeted, and many were forced into bankruptcy.
3. A lack of demand for food: As a result of the economic downturn, many people could no longer afford to purchase basic necessities, including food. The decrease in demand for agricultural products further worsened the economic situation, causing prices to drop even further and exacerbating the effects of the Great Depression.
which of the following caused the great depression? three answers apply
the stock market crash of 1929
prohibition
failed crops and drought
a lack of demand for food
1 answer