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- The Wall Street Crash of 1929 was a sudden and steep decline in stock prices in the United States in late October of that year1. Here are some facts about the crash:
- On 29 October 1929, 16 million shares were sold at very low prices2.
- Investors lost their money in the Crash and could not pay their debts. Many banks closed, ordinary people lost their savings and people lost all hope for the future2.
- Over-exuberance was a major reason behind the crash3.
- Agricultural recession also contributed to the crash3.
- Economist Roger Babson predicted the crash about a month before it happened3.
- The Dow dropped a record 13% on Black Monday3.
- The panic selling of shares on the Wall Street stock market led to a financial crisis. US banks ran out of money and businesses went bankrupt. As a result, millions of American workers lost their jobs. This period became known as the Great Depression4.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Wall Street crash of 1929, also called the Great Crash, was a sudden and steep decline in stock prices in the United States in late October of that year.
www.britannica.com/event/stock-market-crash-of-1…On 29 October 1929, 16 million shares were sold at very low prices. The Stock Market in New York had collapsed. The Roaring Twenties came to a sudden end. Investors lost their money in the Crash and could not pay their debts. Many banks closed, ordinary people lost their savings and people lost all hope for the future.www.bbc.co.uk/bitesize/guides/zcb4srd/revision/210 Interesting Facts On The Wall Street Crash of 1929
- #1 JUST BEFORE It, PEOPLE WERE INVESTING HEAVILY IN STOCKS ...
- #2 OVER EXUBERANCE WAS A MAJOR REASON BEHIND It ...
learnodo-newtonic.com/wall-street-crash-factsIn October 1929, the panic selling of shares on the Wall Street stock market led to a financial crisis. US banks ran out of money and businesses went bankrupt. As a result, millions of American workers lost their jobs. This period became known as the Great Depression.www.bbc.co.uk/bitesize/guides/zp277yc/revision/1 - People also ask
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