How did the stock market crash lead to the Great Depression?

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History

Hayley Ayala

3 May, 08:42

How did the stock market crash lead to the Great Depression?

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Harper Leblanc · Answer 1

The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce. Apr 6, 2020