1. Stock Market Collapse
There were many factors which lead to the collapse of the stock market on Black Tuesday, October 29, 1929, what most people called the Great Depression. The stock market collapsed "in a frenzy of selling in which a record 16 million shares were dumped .over the coming months investors lost millions and unemployment skyrocketed .seven hundred banks closed in 1929 and eighty-five thousand businesses went bankrupt between 1929-1932." 1 The depression lasted for about a decade. ... Though the stock market collapse did not cause the Great Depression by itself, it was a major factor. ... From 192...
- Word Count: 1658
- Approx Pages: 7
- Grade Level: Undergraduate