What was the great crash of 1929?

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07-06-2024
History

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What was the great crash of 1929?

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-07T13:10:57-04:00

Final answer:

The Great Crash of 1929, also known as the Stock Market Crash, marked the beginning of the Great Depression and had far-reaching economic consequences.

Explanation:

The Great Crash of 1929, also known as the Stock Market Crash of 1929, was a significant event in American history that occurred over a series of days in October 1929. During this crash, the aggregate value of publicly traded companies listed on the New York Stock Exchange plummeted, leading to rapid price declines and financial devastation for many investors, banks, and corporations.

The crash was a turning point that marked the beginning of the Great Depression, a period of severe economic downturn lasting throughout the 1930s. Many factors such as overextended investors, speculative bubbles, and financial panic contributed to the devastating impacts that followed this historic event.

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