Answer: For the #5 short answer
Causes: production had already declined and unemployment had risen,leaving stocks in great excess of their real value,among the other causes of the eventual market collapse were low wages,the proliferation of debt,a struggling agricultural sector and an excess of large bank loans that could not be liquidated.
Many people believe erroneously that the stock market crash that occurred on Black Tuesday,October 29 1929 is one and the same with the Great Depression.in fact, it was one of the major causes that led to the Great Depression
The effects:
It did act to accelerate the global economic collapse of which it was also a symptom.By 1933 ,nearly half of America’s banks had failed ,and unemployment was approaching 15 million people, or 30 percent of the workforce.....
