What describes the chain of events that followed te stock market crash of 1929?

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2026-07-31 19:30

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The Stock Market crash of 1929 triggered a severe economic downturn known as the Great Depression. Following the crash, banks failed, leading to widespread loss of savings and credit, resulting in decreased consumer spending. Unemployment soared as businesses closed or reduced their workforce, and international trade plummeted due to tariffs and economic isolationism. The crisis ultimately prompted significant government intervention and reforms, including the New Deal policies implemented by President Franklin D. Roosevelt.

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