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Why did the stock market crash in October 1929?

2 Answers

5 votes

Answer:

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.

Step-by-step explanation:

User Zoltan Balazs
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4 votes
it crashed because of the great depression
User Cameron Yick
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