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Movement Towards A New World (Updated) — Social Science STD 9 — Question

Gujarat BoardEnglish MediumSTD 9Social ScienceMovement Towards A New World (Updated)2 Marks
Question
What led to Great Depression in 1929?
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Answer

'The Wall Street Crisis' took place on 24th October, 1929 in America. As a result the share market collapsed, leading to closure of many banks and industries.
→ This crisis shattered the American economy and subsequently the global economy.
→ The Great Depression started in 1929 and continued till the end of 1932.

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