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The Stock Market Crash Of 1929

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The cause of the crash in the stock market in 1929, was an incident that occurred on October 29, which was called Black Tuesday. Investors traded 16 million dollar of shares toward the New York Stock Exchange in a day, upon that billions of dollars were lost and investors lost their business or their jobs. one of the major reason why was that car and other factory produced certain quota of cars. during the great depression people who were rich is now poor and the poor and the poorer. people were living in terrible condition.
The event that lead up to the stock market crash of 1929 was a result of various economic imbalances and structural failings. these are some of the most significant economic factors behind the stock market crash of 1929.
During 1920s known as “The Roaring Twenties” was the time when America was over dependent on production, automobiles, etc were the leading industry, there was divided line between rich and poor. 60% of the population was living below poverty levels. There was uneven distribution of wealth, 6% of the wealthiest people in the country were getting most of American income and, 33% of the income and richest, 1% owned half of the nation’s wealth. While the united states were doing extremely well during the 1920s, most of europe is still dealing with the devastation of World War I. America soon become a superpower world bank and, europe started borrowing and buying less of American products. While there was a
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