Question

Why do you think there hasn't been a major stock market crash similar to the crash of 1929?

Answer 1

It was the biggest setback to the global economy since the dawn of ... predicting confidently: “Stock markets have reached what looks like a permanently high plateau.” On that day, the Wall Street Crash of October 1929 was less than two ... Without the Great Depression, there would have been no New Deal

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Answer 2

Answer:The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

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