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5 January, 01:48

What was the impact of the 1929 stock market crash on europe

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  1. 5 January, 03:23
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    Food shortages, employment shortages among other things
  2. 5 January, 04:11
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    what was the impact of the 1929 stock market crash on europe

    Explanation:

    Following the collapse of the United States stock market in 1929, the problem not only remained in New York, but moved to almost every country in the world as a domino effect, including Europe.

    The depression had devastating effects in almost all countries, rich and poor, where insecurity and misery were transmitted as an epidemic, so that they fell: national income, tax revenues, business profits and prices. International trade declined, and unemployment increased.

    Cities around the world were severely affected, especially those that depended on heavy industry, and the construction industry. Agriculture and rural areas suffered from falling crop prices. Given the fall in demand, the areas dependent on the primary sector industries, with few alternative sources of employment, were the most affected.
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