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The whole "growth" of the economy for many years had been based on phony loans given out to increase home ownership. These loans were given to people who couldn't afford a house (so the end result was already predetermined).
People used this "fake" wealth to improve their houses, buy things, and bid up stocks for many years. When credit finally ran out the system collapsed and stocks adjusted to the fact that the inflated values were not real.
What else can I help you with?
How much was lost in stock market crash of 2008?
10 trillion
Why stock market crash in 2008?
Because Chuck Norris is cool.
What caused the stocket market crash in 2008?
The current US Subprime economic crisis caused the stock market crash in 2008 Due to lack of liquidy people started selling off their stocks to make cash. This caused a massive selling of stocks which in turn made the market crash
What was the date on the stock market crash?
Sept 21, 2008
When did the depression start?
It is generally believed to have started with the stock market crash of October 1929. It was caused chiefly by inflation.
Whne the stock market crashed stocks?
hi reasons for the market to crash include; 1in 2008 the lehman faulire destroyed investor confidence dody99
What event was the catalyst of the Great Depression?
Stock Market Crash
What event is often considered to be the starting point of the great depression?
(apex) black tuesday
In 1929 what did the stock market crash into?
The term "stock market crash" means the prices dropped so low and so quickly, they were basically worthless. The crash caused panic among investors. The market didn't physically crash into anything.
What was a result of the stock market crash farmers problems and the overuse of credit?
The country entered a depression as the result of the stock market crash.
Did the stock market crash happen in the 20th century?
The Stock Market Crash happened in 1929 on Black Tuesday.
What is the stock market crash seen as the beginning of?
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
