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20 January, 04:35

Explain what happened after the stock market crash of 1929

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  1. 20 January, 05:28
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    Answer: The Great Economic Depression.

    Explanation:

    Among the first results of the economic depression is an increase in the unemployment rate, which has jumped from 3% to 25%. About 10,000 banks failed and over a million farmers were left without property.

    Industrial production decreased, so the automotive industry reduced output by 60%. Stocks fall. Yet the most harmful factor in the crisis is unemployment, which has also been reflected in other capitalist countries.
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