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Airida [17]
3 years ago
13

Don't answer this question

History
2 answers:
kipiarov [429]3 years ago
7 0

Answer:

I answered the question.

Explanation:

Damm [24]3 years ago
5 0
Bruh, if you gonna ask a question, then ask one
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Why did the American economy collapse in 1929? Explain the role of the primary factors, and be sure to note the role of governme
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</span></span>During September and October a few firms posted disappointing results causing share prices to fall. On October 28th (Black Monday), the decline in prices turned into a crash has share prices fell 13%. Panic spread throughout the stock exchange as people sought to unload their shares. On Tuesday there was another collapse in prices known as 'Black Tuesday'. Although shares recovered a little in 1930, confidence had evaporated and problems spread to the rest of the financial system. Share prices would fall even more in 1932 as the depression deepened. By 1932, The stock market fell 89% from its September 1929 peak. It was at a level not seen since the nineteenth century.
<span>Falling share prices caused a collapse in confidence and consumer wealth. Spending fell and the decline in confidence precipitated a desire for savers to withdraw money from their banks.</span>
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