What was other names for the stock market crash?
wall street crash of 1929
stock market crash of 1929
The Great Wall Street Crash of 1929
Stock market crash of 1929 was also known as the "Great Crash". This was begining of The Great Depression. It was called Black Thursday, Black Monday, or Black Tuesday depending on which day you are talking about. Black Thursday was October 24, the actual day the stock market crashed. Black Monday and Black Tuesday were the downturn on October 28 and 29, that caused the alarm. The stock market crash continued for another month.
Actually, the stock market crash did not provoke the financial crisis. The stock market crash was caused by the financial crisis. Due to the bad economic situation, the liquidity in the markets was severely affected. People were running short of cash badly. Hence they started liquidating their stock holdings to raise cash and when millions of people started selling their stocks, panic struck and the stock market crashed.
i realy have no idea but i do know that the stock market changed from a bull to a bear market and that's what caused itr to crash With the amount of money that Australia borrowed from other countries they tried to lower th cost of farmers manufacturers and mining to try and boost the work force!!!!!!!!!!!!!!!
The stock market crash happened due to a variety of reasons. 1. Banking failures in US 2. Mortgage crisis - too many foreclosures 3. Weak customer belief in stock market 4. Panic People were afraid that they'll lose money in the market so they started selling their investments thereby triggering a further collapse and the eventual market crash