What factor helped the worsen the Great Depression apex?

What factor helped the worsen the Great Depression apex?

What factors helped worsen the Great Depression Brainly? The correct answer is: The Smoot-Hawley Tariff Act.

What factor led to the Great Depression?

The stock market crash of 1929 touched off a chain of events that plunged the United States into its longest, deepest economic crisis of its history. It is far too simplistic to view the stock market crash as the single cause of the Great Depression. A healthy economy can recover from such a contraction.

What was one factor that helped cause the global depression after World War I?

How Economic Turmoil After WWI Led to the Great Depression. World War I’s legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster. World War I’s legacy of debt, protectionism and crippling reparations set the stage for a global economic disaster.

What was the blame for the Great Depression?

To place the blame for the Great Depression on a free financial system is like placing the blame for the fall of Rome on credit default swaps: you can’t fault something that didn’t exist. And by the time of the Great Depression, America’s financial system was controlled by the Fed.

What was the solution to the Great Depression?

Americans came to conclude that the basic problem was the free market and the solution was government oversight and restraint of financiers and financial markets. It’s a view that the public, unaware of the consensus of modern economists, continues to embrace.

What was the myth about the Great Depression?

The Myth: An unregulated free market and unrestricted Wall Street greed caused the Great Depression and only the interventionist policies of Franklin D. Roosevelt got us out.

How did the stock market crash lead to the Great Depression?

While the October 1929 stock market crash triggered the Great Depression, multiple factors turned it into a decade-long economic catastrophe. Overproduction, executive inaction, ill-timed tariffs, and an inexperienced Federal Reserve all contributed to the Great Depression.