181k views
5 votes
What role did machine play at the start of the depression

1 Answer

5 votes
Stock Market Crash The start of the Great Depression is usually considered the Stock Market Crash of 1929. The market crashed from "over speculation." This is when stocks become worth a lot more than the actual value of the company. People were buying stocks on credit from the banks, but the rise in the market wasn't based on reality. When the economy began to slow, stocks began to fall. In October of 1929, people panicked and began selling stocks like crazy. The stock market crashed and many people lost everything. Although the stock market crash wasn't the only cause for the Great Depression, it certainly helped to get it started.
DO NOT CLICK ON ANY LINKS PLEASE ITS A VERY BAD VIRUS!
Hope this helped .
User Marc Scheib
by
6.8k points