Question

In 3–5 sentences, explain 2 causes and 2 effects of the stock market crash of 1929.

Answer 1

Causes of the Stock market crash includes a steep fall in the prices of stocks and a widespread financial panic caused by the fall. The effects includes Investors became ruined and some went deep in debt.

Stock market crash of 1929

The Stock market crash was the major American stock market crash that happened on September 1929 when the share prices on the New York Stock Exchange collapsed drastically.

The causes of the Stock market crash includes:

• the sharp and continuous steep fall in the prices of stocks
• a widespread financial panic caused by the fall

The effect of the Stock market crash includes:

• Investors become ruined because they lost their money
• Investors went deep in debt.

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