Financial experts warned the public the the American Economy is slowing down. With this warning in mind, investors started selling their shares in large numbers in September 1929. By 24th October 1929, 12.8 million shares were sold and another 16 million shares were sold at a very low price on 29th October 1929. The panic selling of shares lead to the collapse of the stock market in New York.
The aftermath of the wall street crash was very disastrous. Investors lost their money and was not able to pay off their debts. Many banks closed, leaving their depositors with no money nor hope for the future. Ordinary people lost their means to buy foods and other basic needs like shelter and clothes. Companies have to downsize resulting to firing of redundant workers and lowering the wages of the remaining workers. Unemployment rose to very high level.
The Wall Street Crash led to the beginning of the Great Depression in the 1930s.
the scientific revolution lead to new machines and ways of doing things which would, in a way that is self-explanatory, lead to the industrial revolution.
The war started because the colonies didn't like how they were being treated by the British, so they rebelled. In the end the colonist won and gained independence just like the Mexicans.
Social Effects of the Great Depression, was the Optimism to Despair: The optimism disappeared almost overnight when the Wall Street crash on October 29, 1929, triggered the Great Depression starting the downward economic spiral that lead to bankruptcies, mass unemployment, homelessness, and despair.
This is right and I just need these points for Brainly
