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Describe how the federal government's monetary policies, stock market speculation and
increasing consumer debt might have helped lead to the Great Depression

Sagot :

scouteo

The correct answer to this open question is the following.

Indeed, the federal government's monetary policies, stock market speculation, and increasing consumer debt helped lead to the Great Depression.

After the positive economic period known as the "Roaring 1920s," American citizens had bought so many necessary and unnecessary things such as electro domestics, cars, and even houses. Most of the purchases were on credit, generating big debts. This was our consumerism.

Then it came to the speculation on the stock market, and the federal government did nothing to interb¿vene and avoid possible deterioration of the US economy.

And the worst thing happened. After the United States stock market crash of October 29, 1929, millions of citizens lost their jobs, thousands of companies closed, and many banks went into bankruptcy. The Great Depression had just started.

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