2. The duration is relatively long: from 1929 to 1933, a total of five years?
3. Extremely destructive: the industrial production ratio of the whole capitalist world has dropped by more than 1929, and the total trade volume of the capitalist world has decreased by 2/3.
Extended data:
Reasons for the outbreak of the world economic crisis:
1, for specific reasons:
The contradiction between production (supply) and sales (demand).
The gap between the rich and the poor is too large: capitalists blindly expand production, the people are relatively poor, and their purchasing power is lower than their production capacity.
The excessive expansion of credit consumption has caused the false prosperity of the market and intensified the contradiction between production and sales.
(3) excessive stock trading, stocks can not reflect the actual situation of economic operation, resulting in false economic prosperity and covering up contradictions.
The influence of laissez-faire economic thought makes the whole social production in anarchy.
2, the root cause:
The contradiction between socialization of production and private ownership of means of production is the basic contradiction in capitalist society.
3. Direct cause:
The rampant stock speculation masked the contradiction between production and sales.
4. Policy reasons:
Domestic policy mistakes, that is, economic crisis, are the product of laissez-faire policy.