What caused the October 1929 stock market crash?

History

2 answers:

Georgia [21]3 years ago

7 0

The Wall Street Crash of 1929 was the greatest stock market crash in the history of the United States. It happened in the New York Stock Exchange on Tuesday October 29, 1929, now known as Black Tuesday. The crash started the Great Depression and stock prices did not reach the same level until late 1954.

Lynna [10]3 years ago

7 0

The correct answer is falling stocks purchased on credit.

During the 1920's, citizens were able to buy stocks on credit.This meant that they could pay a small percentage down (10%) and receive a loan for the other 90% from the bank. This worked well throughout the 1920's, as stocks continually climbed in price. However, when stock prices started to fall this helped lead to the collapse of the entire stock market. Citizens could not pay back their loans to banks and banks lost money the invested in the stock market as well.

You might be interested in

Acting as head of state, the president might do which of the following?

spin [16.1K]

What are the answer choices

5 0

3 years ago

25 points please help need this

NemiM [27]

i prob answered already 5 questions

5 0

3 years ago

How did the railroads impact the relationship between eastern cities and the Great Plains?

pashok25 [27]

Railroads brought crops and food to cities in the East, and settlers to farms in the Great Plains

5 0

3 years ago

Read 2 more answers

Compare and contrast the advantages and disadvantages of the americans & british during the war.

Rzqust [24]

They were well equiped yet poorly trained

5 0

3 years ago

(MC)

liq [111]

The best and most correct answer among the choices provided by the question is the third choice. The desire to have everyone pay an equal share of income tax contributed to the passage of the 19th Amendment. I hope my answer has come to your help. God bless and have a nice day ahead!

6 0

3 years ago