mmic1982 mmic1982
  • 21-04-2021
  • English
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why was the american econmy in the 1920ssuddenly in shambles

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egirlbathwater69 egirlbathwater69
  • 21-04-2021

Answer: Hello, The stock market crash of 1929 (not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse) was 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.

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