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Cause Of The Stock Market Crash Of 1929

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On October 29, 1929, the unthinkable happened, the stock market crashed. There had been minor crashes before ,but this crash of the stock market was the biggest crash America had ever seen. Although there had been crashed before none compared to this one. The stocks were worth more than they had ever been before. More people were buying so therefore the prices were rising. On that day 25 billion dollars was lost comparing to 319 billion in today’s money. The specific causes of the crash are still unknown, but historians have some idea as to things that led up and eventually caused the stock market to crash. The boom of the stock market was a cause of the Stock Market Crash of 1929. In the 1920s more people bought stocks than ever before.

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