Question

Explain 2 causes and 2 effects of the stock market crash of 1929.

Answer 1

Answer:

High investment led to the rise in stock prices because average people investing hoped for short term benefits of wealth rather than long term investments - Cause #1

Farmers were often unable to pay back loans to banks - Cause #2

More than 9000 banks failed and many people lost their entire savings or sometimes received ten cents on the dollar, and also many stocks became worthless overnight.. - Effect #1

Thousands of farms went bankrupt - Effect #2

Hope this helps, have a BLESSED and wonderful day, as well as a safe one!

-Cutiepatutie ☺❀❤