3 years ago
What caused the stock market crash of 1929?
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Similiar to what is happening in the 2000s, back in 1929, stock prices were overvaluated and that came in conjunction with a crappy real state market. People were spending a lot of money during the 1920s (a little like what happen in the 1990s) because they were investing again, after the end of the Great World War of 1914-18, and things just got worse and worse in terms of economic speculation.
Basically there were several aspects of the crash, but the main ones were:
- High speculation
- High stock prices / Overvalued stock
- Downturn of the real state market
You can read the full story here:
http://www.nytimes.com/library/financial/index-1929-crash.html b
Basically there were several aspects of the crash, but the main ones were:
- High speculation
- High stock prices / Overvalued stock
- Downturn of the real state market
You can read the full story here:
http://www.nytimes.com/library/financial/index-1929-crash.html b
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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