What major global event was precipitated by the economic collapse of 1929? 🔊
The major global event precipitated by the economic collapse of 1929 was the Great Depression. The stock market crash in October 1929 triggered severe economic decline, characterized by massive unemployment, bank failures, and widespread poverty. This economic downturn not only affected the United States but also had rippling impacts across the globe, leading to a breakdown in international trade and declining economic activity in numerous countries. The Great Depression spurred significant social and political changes, including the rise of new economic policies like the New Deal in the U.S. and the emergence of totalitarian regimes in Europe.


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