Why did stock prices drop so quickly in 1929?

2 answers:

4 0

<span>The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.</span>

Pachacha [2.7K]3 years ago

4 0

Crowd gathering on Wall Street after the 1929 crash.

The Wall Street Crash of 1929, also known as Black Tuesday (October 29), the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its after effects. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the 12-year Great Depression that affected all Western industrialized countries.

You might be interested in

What animal was used to transport goods across the sahara desert?

grigory [225]

Camels were often used, due for being pack animals, not needing much water, and being built for the desert.

8 0

3 years ago

What did the conquistadors conquer ?

Nata [24]

Answer: They claimed Mexico and conquered the Aztec empire!

3 0

3 years ago

List two differences between state senators and state representatives.

taurus [48]

State Representatives

435 representatives
2 year term
have to be at least 25 years old to be one

State Senators

100 senators
6 years term
have to be at least 30 years old

8 0

3 years ago

In the State of the Union Address the President of the United States promised to improve the faltering economy, to increase the

sergey [27]

In the State of the Union Address the President of the United States promised to improve the faltering economy, to increase the amount of federal fundingavailable for art programs, and B. promised to lower taxes on public sector workers.

8 0

3 years ago

How was the wave of UIS. immigration in the late 1800s different from the

sammy [17]

Answer:

"In the late 1800s, people in many parts of the world decided to leave their homes and immigrate to the United States. Fleeing crop failure, land and job shortages, rising taxes, and famine, many came to the U. S. because it was perceived as the land of economic opportunity. Others came seeking personal freedom or relief from political and religious persecution, and nearly 12 million immigrants arrived in the United States between 1870 and 1900. During the 1870s and 1880s, the vast majority of these people were from Germany, Ireland, and England - the principal sources of immigration before the Civil War. Even so, a relatively large group of Chinese immigrated to the United States between the start of the California gold rush in 1849 and 1882, when federal law stopped their immigration."

https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/rise-of-industrial-america-1876-1900/immigration-to-united-states-1851-1900/

4 0

3 years ago