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the us stock market was at an all time high and stocks were expensive. when stockholders heard that the stocks had to decrease in amout eventually, many people began selling their stocks while they were still worth something. as investors began withdrawing from the market, stock prices were falling, terefore making companies slow production down and led to price drops. on october 29, "black tuesday" people lost fortunes selling their stocks for the least amount they could. by the end of "black tuesday" investors lost a total of $16 billion, sending the Stock Market into ruins.
What else can I help you with?
Did cannibalism happen in the Great Depression?
No more than usual, at least in the US.
When did the depression happen?
The Great Depression lasted from 1929-1939.
What is the worst period of economic hardship in US history?
Great Depression
Who brought out the us from of the Great Depression?
Franklin Delano Roosevelt and World War II brought us out of the Great Depression.
Why did technology get the us out of the Great Depression?
Technology did not get the US out of the Great Depression. World War II is what got the United States out of the Great Depression because of all the jobs that were created with prepping for the war.
Did the Great Depression effect the US?
no
When did the Canadian Great Depression happen?
after world war 2
What did not happen after the great depression?
the world didn't blow up
Why did the great depression happen in the first place?
In 1919 to 2012
Did the Great Depression lead to cold war?
The great depression of the 1930's led to WW2; WW2 got the US out of the depression.
What was going on in the US when Theodore Roosevelt served as president?
when Theodore Roosevelt became President the great depression happen.
What the novel Tell us about the life of peasants during the great depression?
godan tells us about the life of peasants during great depression
