In 1929, the great depression began in the united states, caused mainly by the stock market crash. what was a major cause of the stock market crash?

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Social Studies

Leticia Lam

22 May, 18:00

In 1929, the great depression began in the united states, caused mainly by the stock market crash. what was a major cause of the stock market crash?

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Ryan Dennis · Answer 1

Overspeculation in the stock market was the main cause of the Stock Market Crash of 1929 (Black Tuesday). This overspeculation was worsened by peoples' lack of knowledge on how the stock market functions and led to over-inflation of stock prices