2006-12-09 18:52:21 · 4 answers · asked by jerry_223000 1 in Social Science ➔ Economics
Overvalued companies based on inflated assets led to an eventual collapse of a bubble built around imaginary wealth.
2006-12-09 18:55:32 · answer #1 · answered by winged phallus 2 · 2⤊ 0⤋
No it truly is agreed that the Smoot Hawley cost lists brought concerning the great melancholy. The inventory market crash turned right into a reaction no longer a reason. subsequently it truly is agreed that authorities intervention into the own sector brought concerning the great melancholy.
2016-11-25 02:03:42 · answer #2 · answered by delosreyes 4 · 0⤊ 0⤋
Risky stock purcharsing buying stock on credit or margin, and lack of protections of bankers desposits also was one factor. Hartley Smoot Traiff was the big factor that drove the depression the other countries put up traiffs in response to the traiffs.
2006-12-09 21:06:04 · answer #3 · answered by ram456456 5 · 2⤊ 0⤋
greed-
2006-12-09 18:59:44 · answer #4 · answered by Anonymous · 0⤊ 1⤋