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Sergio [31]
4 years ago
13

What are the causes of the Stock Market Crash on Black Tuesday (10/29/1929)?

History
1 answer:
ser-zykov [4K]4 years ago
8 0

ANSWER:

By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.

Explanation:

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What California like <br> im moving there and I need to know what its like
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Answer:

California, a western U.S. state, stretches from the Mexican border along the Pacific for nearly 900 miles. Its terrain includes cliff-lined beaches, redwood forest, the Sierra Nevada Mountains, Central Valley farmland and the Mojave Desert. The city of Los Angeles is the seat of the Hollywood entertainment industry. Hilly San Francisco is known for the Golden Gate Bridge, Alcatraz Island and cable cars.

California is a state in the Pacific Region of the United States. With over 39.3 million residents across a total area of approximately 163,696 square miles (423,970 km2), it is the most populous U.S. state and the third-largest by area, as well as the world's thirty-fourth-most-populous subnational entity. California is also the most populated subnational entity in North America, and has its state capital in Sacramento. The Greater Los Angeles area and the San Francisco Bay Area are the nation's second- and fifth-most-populous urban regions, with more than 18.7 million and 9.6 million residents respectively. Los Angeles is California's most populous city, and the country's second-most-populous, after New York City. California also has the nation's most populous county, Los Angeles County, and its largest county by area, San Bernardino County. The City and County of San Francisco is both the country's second most densely populated major city after New York City and the fifth-most-densely populated county, behind only four of the five New York City boroughs.

California's economy, with a gross state product of $3.2 trillion as of 2019, is the largest sub-national economy in the world.If it were a country, California would be the fifth-largest economy in the world, and the 37th-most populous as of 2020.The Greater Los Angeles area and the San Francisco Bay Area are the nation's second- and third-largest urban economies ($1.3 trillion and $1.0 trillion respectively as of 2020), after the New York metropolitan area ($2.0 trillion).[16] The San Francisco Bay Area Combined Statistical Area had the nation's highest gross domestic product per capita in 2018 ($106,757) among large primary statistical areas, and is home to four of the world's ten largest companies by market capitalization and four of the world's ten richest people

California is considered a global trendsetter in popular culture, communication, information, innovation, environmentalism, economics, politics, and entertainment. As a result of the state's diversity and migration, California integrates foods, languages, and traditions from other areas across the country and around the globe. It is considered the origin of the hippie counterculture, beach and car culture,[citation needed] the Internet, and the personal computer. among others. The San Francisco Bay Area and the Greater Los Angeles Area are widely seen as centers of the global technology and entertainment industries, respectively. California's economy is very diverse: 58% of it is based on finance, government, real estate services, technology, and professional, scientific, and technical business services  Although it accounts for only 1.5% of the state's economy, California's agriculture industry has the highest output of any U.S. state.

Signed, Wiki--pedia.

4 0
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