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Rodas Rodas
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5 years ago
Explain the causes of the stock market crash. What role did the crash play in causing the Great Depression? What other factors were at play?
 
  What will be an ideal response?
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doctorfededoctorfede
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5 years ago
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Answer: The ideal answer should include:



  • The October 29, 1929, stock market crash marked the symbolic end of the 1920s.


  • The causes of the stock market crash and the decade-long depression that followed were complex and varied.


  • Margin buying exposed investors to enormous risks.


  • When the price of stocks spiraled out of control, far beyond their actual value, creditors demanded repayment of their loans, and investors were unable to pay their debts.


  • The collapse of the stock market alone would not necessarily have caused such a severe and prolonged depression.


  • Poor decision making by financial and political leaders exacerbated underlying weaknesses in the economy.


  • Within the United States, the unequal distribution of wealth exacerbated the effects of the economic downturn.

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Rodas Author
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5 years ago
Thanks
shimyshiguy
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Yesterday
this is exactly what I needed
einstein
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2 hours ago
You make an excellent tutor!
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