<u>It was </u><u>caused by stock brokers who called in the loans they had made to stock investors.</u> This caused stock prices to fall and many people lost their entire life savings as many financial institutions went bankrupt.
<h3><u>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.</u></h3>
