In 1929 the stock market crashed. Therefor leading to the great depression and horrible poverty. Why did the stock market crash?
I dont have a test. I read books and in my book i am currently reading sea biscut. It never said why the stock market crashed so i was just wondering
THAD
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Read ‘The Day the Bubble Burst’ by Gordon Thomas and Max Morgan -Witts. Should be available at a good library or ask the librarian to order it for you.
The leading cause of the Great Depression was agriculture. Soil erosion caused great dust bowls in the U.S. and throughout the world. 90% of the country lived on farms and ranches and decreased output caused poverty. The other 10% of the population were mostly involved in goods and services for the farming community. The Great Depression started well ahead of the Stock Market Crash. The market crash was an inevitable result of a failing economy. Nothing did much to solve the problem until military spending preceding World War II stimulated the entire economy.
Have fun reading seabuscuit. I read it years ago and found it really interesting.
Conspiracy theorists say the market crash was deliberately engineered to weaken the economies of independent nations to later get them into massive debt and under control.
