The Great Crash of 1929 propelled gold, a historically viable store of value and durable medium of exchange, to unprecedented value. In 2016 inflation-adjusted terms, the price of a single ounce of gold rose from just $291 an ounce in 1929 to $539 in 1939.
The effects of the wall street crash was because of global economical problems. The Wall Street crash was because of the Great Depression (because they are connected) in 1929, in fact government warned that the American economy was slowing down. The investors started selling shares in large numbers and after the crash they couldn't afford paying off the debts.
During the rule of King James, many people were upset with the recklessness of the king so they forced him to sign an agreement that stated that the king doesn't have absolute power and that a parliament will be formed.
