227k views
2 votes
Why according to the source did the stock market in the USA crash​

User Sharkdawg
by
7.0k points

1 Answer

3 votes

Answer:

most well-known stock market crash in the United States occurred in October 1929 and is known as "Black Tuesday." This crash is believed to have been caused by several factors, including speculative buying, overproduction in industries, high levels of consumer debt, and an uneven distribution of wealth. These factors led to a decrease in consumer spending and a decline in industrial production, ultimately resulting in the stock market crash and the beginning of the Great Depression.

Step-by-step explanation:

User Kheil
by
6.7k points