0
The Wall Street Crash crashed in October 1929, the world's economy plunged into the Great Depression, and the causes of the Depression were:
Ø Too many goods were being produced, but less people to buy them
Ø Farmers produced to many goods, so prices went steadily lower of the goods
Ø There were too many small banks - these banks did not have enough funds to cope with the sudden rush to take out savings, which happened in the autumn of 1929.
Ø Too much speculation on the Stock Market - the middle class had a lot to lose and they had spent a lot on what amounted to pieces of paper.
Ø Also Many more……
The effects of the depression were:
- Unemployment - 13 million people were out of work.
- Industrial production dropped by 45 per cent between 1929 and 1932.
- House-building fell by 80 per cent between 1929 and 1932.
- The entire American banking system reached the brink of collapse.
- From 1929 to 1932, 5,000 banks went out of business.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What impact did the wall street crash have on the economy?
hello
In what year did wall street crash start great depression?
1929
What do economists cite as the date of the first US Wall Street crash?
October 29 1929 was the date in US Wall Street Stock Market crashed.
Explain how the wall street crash led to the great depression?
As you can see I own a keyboard
What was economy like before the Wall Street crash?
It was all peaches and cream -Ooh! What dream!
When did the wall street crash start an end?
when did the wall street crash start.
What name is often given to the wall street crash in 1929?
the wall street crash by any chance?
The Wall Street Crash of 1929?
what about it
What year was the Wall Street crash?
1929
Where did the stock market crash occur?
wall street.
When did the wall street crash happen?
October 1929
What year did Wall Street crash begin?
1929
What hurt the Weimar republic?
The crash of wall street
What was the date of the wall street crash?
october, 1929
What impact did the wall street crash have on the economy?
hello
What was the effect of Wall Street crash on money?
Because of the crash of Wall Street most of the currency went down which basically is bringing the value of money down. Its as easy as that.
What day of the week was the Wall Street Crash on?
The Wall Street Crash occurred on a Tuesday. It is most commonly referred to as Black Tuesday. It occurred on October 29th, 1929.
