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How Did The Stock Market Crash Of 1929 Cause The Great Depression

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How Did The Stock Market Crash Of 1929 Cause The Great Depression
The Stock Market Crash of 1929 caused the Great Depression but it was really the collective actions of the President Hoover, the Congress and the Federal Reserve that exaggerated the problem and made it really worse. In an attempt to solve the increasing problems caused by the Great Depression, President Hoover launched a series of "failed" attempts that could not reach the heart of the problem. First of all, he gathered together the business leaders and persuaded them to maintain the current employment, wages and the prices . He cut down the tax so that the consumers could spend more with their money which in turn could increase expenditure. But as he realized that cutting down taxes only helped to produce an unbalanced federal budget.
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