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What Caused The Stock Market Crash And The Great Depression

147 Words1 Pages
The Stock Market opened with 305.85. It fell 11 percent which made trading became triple the normal. The American economy was not diversified because banks were beginning to fail. In the popular imagination Wall Street speculation and the 1929 Stock Market Crash were to blame. The reality is more complicated. Most scholars believe a combination of long and short term factors led to the crisis. During the 1920s, America experienced an economic boom. 1 That being said there really was a lack of economic diversity. Automobiles and Construction industry were a huge company growing rapidly. The tremendous increase in stock market prices during the 1920s was largely based upon value. This was especially true of such issues as communications and the
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