ariannamontalvo1
ariannamontalvo1 ariannamontalvo1
  • 12-03-2020
  • History
contestada

what are the causes of the Stock
Market Crash on Black Tuesday (10/29/1929)?

Respuesta :

royaldemonrose
royaldemonrose royaldemonrose
  • 14-03-2020

ANSWER:

By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.

Explanation:

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