see paper two. Week 6 Paper topic....What caused the Wall Street Crash of 1929? Open Dismiss
or week 6 Paper, let's write about the Stock Market Crash of 1929.
Here is the little background on the event. On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.
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.
When researching, please keep in mind the following questions.
What was the 1929 Stock Market crash?
What caused the 1929 Stock Market crash?
How much money was lost in the stock market crash of 1929?
How many jobs were lost during the Great Depression?
What was the Great Depression Timeline?
What started the Great Depression?
When was the Great Depression at its peak?
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