What was the cause/effects of,The stock market crashes on October 29,1929.?

Answer 1

-The causes of the Market crashing was for several reasons. Some of which include illegal trades going on between business, people freaking out and selling a ton of stocks in one day, as well as not having to pay for the stocks up front for the full price. You could get a stock at 25% and not have to pay the other 75% until later.

-Some effects caused upsets within families (husbands leaving, children starving, mothers looking to get jobs), dramatic increase in suicides, businesses folding, unemployment going through the roof. These are just several effects of the market crash.

Answer 2

The causes of the stock market crash was people overspeculated on stocks, using borrowed money that they could not repay when stocks started to go down. The people who bought stocks on borrowed money got worried that they would have to repay all of that money, so they started selling their stock. So many people sold their stock that it collapes the stock market.

The effects of the crash was:
1. The Federal Reserve failed to prevent the collapse of the banking system.
2. High tariffs strangled international trade to help farmers and business men earn money that they lost on the market.
3. Banks and businesses failed.
4. 25% of workers were without jobs because of banks and businesses failed.
5. Large numbers of people were hungry and homeless.
6. Farmers' incomes fell to low levels.

Answer 3

inventory marketplace as a rule is going scale down the day following an inauguration-commonly uncertainty, however this used to be the bottom of all. I consider worry too as good as wish. The marketplace is emotion situated.

Answer 4

It caused a worldwide depression because the U.S. was what held the world economy up after WWI. Unemployment rates went up, along with inflation.

Answer 5

People buying expensive thinks that they can not aford and taking a credit. So all those people spend this many that they didn't have.

Answer 6

GREED!