2006-12-11 04:38:28 · 6 answers · asked by green and blue knight 3 in Social Science ➔ Psychology
go to pbs.org. they have a good timeline about it .
2006-12-11 10:55:31 · answer #1 · answered by racer 51 7 · 0⤊ 0⤋
Post-World War I prosperity and industralization led to fast increasing of stock prices and overspeculation. The stock market was on a tedious balance and nearly collapsed several times in the weeks prior to October 1929. As some people began to sell their stocks, more people attempted to sell their stocks and soon all was worthless. The Great Depression was felt around the world, particularly in already damaged Germany.
2006-12-11 05:18:26 · answer #2 · answered by goodbyewhite 2 · 0⤊ 0⤋
The stock market is simply legalized gambling and stockbrokers are regulated bookies. When you gamble, you should be as prepared to lose as you are to win. The great depression happened when a great deal of sore loosers tried to quit the game all at once, and there wasn't enough money in the pot to cover their investments. They all tried to take their savings out of the bank at once, and the banks did not have the money to give them as they had invested the money in loans. When the banks ran out of available cash, they had to close and hundreds of thousands of people lost their life savings.
2006-12-11 04:48:24 · answer #3 · answered by Jimbo 3 · 0⤊ 0⤋
Becos so many business' where around somene thought it would be funny and say that th buiness ais ascam and ppl lost all their money in shres this hapene in the 1800's in america
2006-12-11 04:40:58 · answer #4 · answered by Bubbles T 3 · 0⤊ 0⤋
Because of a securities market riddled with speculation coupled with protectionism policies.
2006-12-11 04:40:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
because the stock markets prices for the stocks wernt reflective of their actual values, and it crashed.
2006-12-11 04:41:31 · answer #6 · answered by David 5 · 0⤊ 0⤋