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

Answer 1

There have been volumes written about this. There is no simple answer. But let me suggest that you read "The Creature from Jekyll Island" for good background on how money, power, politics, the economy, war, peace, and in general, modern civilization, really work. It will open your eyes, and enable, you to see your world, and the much wider world, in a more enlightened context. It will enable you to see that much, if not most of the day to day drama we see in the media, is merely a charade to distract us from what is really going on, and to obfuscate who is really pulling the strings---and for selfish and greedy motives, driven by lust for power and money and all the things money can buy(and cynics would say that EVERYTHING can be bought for a price. Another truism, with perhaps very, very rare exceptions. And of course dependent on what "love" means to you personally.

But a simple superficial answer to your question is that the crash was brought on by the business cycles which are inevitable in modern day economies which are manipulated by the control of the "fiat" money supply. Fiat money is worthless paper printed at the whim of central bankers in league with politicians. It has nothing of value backing it, and is "Legal Tender" only because Congress passed a law saying it is. Without this law fiat money is simply so many pieces of pretty paper.

This system allows the powers that be, to "run the presses" at whim. This is why the 1913 dollar is now worth (as memory serves) about a nickel, and the 1980 dollar is now worth about half what it was in 1980. That means a basket of groceries that you could have bought for a dollar in 1980 will now cost your $2. We call this inflation( a carelessy and inaccurately used word). It acts as a hidden tax which robs us of our savings and any equity we may have in real estate, stocks, bonds or other property.

This "inflation" is actully the theft of our property by politicians. If they called it what it really is , a conficatory tax" we'd throw them out en masse on their collective ears.

The "Creature" referred to in the title of the book, by C. Edward Griffin, is the Federal Reserve Bank. Conceived, designed and set in motion at a secret meeting of the wealthiest men of Europe and the U.S. in 1910 on Jekyll Island, one of the coastal islands off the Georgia(U.S.) coast.

Answer 2

If I bear in mind properly, the inventory industry crashed in 1986. It became in some techniques worse than the crash of 1929. yet no longer something plenty befell to the trouble-free individual. curiously the circumstances that created the disaster of 1929 have been corrected. multiple investors recognized the loss as a "paper loss;" i.e. the inventory is worth much less, even though it is not suitable in case you do no longer sell it. In time, the inventory would bypass up returned. And it did. I heard fairly some people of modest ability that reported they have been paying for inventory after the crash, by way of fact they knew the fee would bypass up now.

Answer 3

Look at this site http://en.wikipedia.org/wiki/Great_Depression. The main cause I believe people brought more and saved less.

Answer 4

http://www.gold-eagle.com/editorials_00/richebacher051000.html

http://www.sagehistory.net/twenties/Crash.htm

Try reading one of these links.