How Did The Stock Market Crash Contribute To The Great Depression

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On October 29, 1929 the crash of the stock market started the Great Depression. The events leading to the crash of the stock market were as followed. Millions of people were becoming unemployed, car companies weren’t selling many cars, farms were going out of business also due to the Dust Bowl, steel production declined, construction had slowed down, and high debts were building up as consumers were using easy credit for their transactions. All of these events led up to the crash of the Wall Street Journal, Dow Jones, and the rest of the entirety of the Stock Market. Another key factor was the FED (Federal Reserve). They raised the fed funding rate highly contributing to the crash. They didn’t put enough money in circulation to boost the economy

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