Why Did The Stock Market Crash Of 1929 Research Paper
430 Words2 Pages
In October of 1929 the stock market crash led inadvertently to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world was concerned. Although financial leaders in England, as in the United States, vastly underestimated the extent of the crisis that would ensue, it soon became clear that the world's economies were more interconnected than ever. The United States boasted the largest economy in the world by the end of the 1920s, with the destruction from World War I, Europeans struggled while Americans thrived. Nine thousand banks failed during the months following the stock market crash of 1929, this could not have been the only reason for the meltdown of the American economy and the start of the Great