President Hubert Hoover expected the Reconstruction Finance Corporation to energize the economy and help the Stock Market poll out of its downturn. The Corporation was a huge disappointment.

The Stock Market crash that occurred on October 29, 1929 is primarily responsible. It soon led to the worldwide economic downturn known as the Great Depression.

It means were all fuked.

Just kidding IDK all i can tell u is to Value Invest and u shall be fine in whatever situation.

STEPHEN GREEN has written:

'CHINA'S STOCK MARKET: A GUIDE TO ITS PROGRESS, PLAYERS AND PROSPECTS'

'DEVELOPMENT OF CHINA'S STOCK MARKET, 1984-2002: EQUITY POLITICS AND MARKET INSTITUTIONS'

The Stock Market crash was the signal that the Great Depression had begun. There was over speculation in the Stock Market, which was not regulated.Many Americans purchased stock on credit. This was known as margin buying. Many businesses that were listed on the Market were not checked out by brokers and many were not worth what they were valued at on the Stock Market. There were no government regulations so a company could claim whatever wealth it wanted. A lot of the companies only existed on paper and many who invested in the stock market did not check to make sure the company was legit. This was a period when everyone thought the Stock Market would continue to climb but beneath the surface of this false boom time were events that were causing the economy to crumble.