Causes and EFfects of the Depression , 1929-1933
Causes of the Crash
The 1929 Stock Market was a result of various economic imbalances and structural failing. These are some of the most significant economic factors behind the stock market crash of 1929. In 1920s, there was a rapid growth in bank credit and loans. People became highly indebted, it meant they became more susceptible to a change in confidence.
The Depression was an immense tragedy that placed millions of Americans out of work, was the beginning of government involvement in the economy and in society as a whole. After nearly a decade of optimism and prosperity, the United States was thrown into despair on Black Tuesday, October 29, 1929, the day the stock market crashed and the official beginning of the Great Depression.
Effects of the Crash
After the crash of 1929 there was a gradual but slow improvement in the market as mentioned before. But it was just temporary. No one could guess that the year 1932 would bring such a huge crash again. There was 50% depreciation even from the lowest point of 1929. The drop was so massive that it just dissolve every bit of profit that the stock market ever had
Stock Market Crash of 1929 and Its Effects on the Great Depression
Causes Of Crash
reasons for the 1929 stock market crash
Wall Street Crash
1929 Stock Market Crash