Question

What occurred during the great crash of 1929

Answer 1

Stockholders on wall street began to sell their stocks.

Answer 2

The stock market crash of 1929 was due to a market that was overbought, overvalued, and excessively bullish, rising even as economic conditions were not supporting the advance. The crash began on October 24, when the market opened 11% lower. Institutions and financiers stepped in with bids above the market price to stem the panic, and the losses on that day were modest with stocks bouncing back the next two days. However, this bounce turned out to be illusory, as the following Monday, now known as Black Monday, the market finished down 13% with the losses exacerbated by margin calls. The next day (Black Tuesday), bids completely vanished, and the market fell another 12%. From there, the market trended lower until hitting bottom in 1932.

Read more: What caused the Stock Market Crash of 1929 that preceded the Great Depression? | Investopedia https://www.investopedia.com/ask/answers/042115/what-caused-stock-market-crash-1929-preceded-great-d...