1929
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Because it devastated the economy and it was the key factor towards the beginning of the Great Depression.
The Wall Street Crash of 1929 triggered a global economic downturn due to the interconnectedness of international markets. As American banks and investors withdrew their funds from Europe, countries heavily reliant on U.S. loans and investments faced financial instability. This led to a decline in trade and increased unemployment across Europe, exacerbating economic hardship and contributing to the spread of the Great Depression. The resulting economic turmoil weakened governments and social structures, further deepening the crisis.
After the Wall Street crash of 1929, the United States entered into the Great Depression, a severe economic downturn marked by high unemployment, low consumer spending, and widespread poverty. President Franklin D. Roosevelt implemented the New Deal, a series of programs and policies aimed at stimulating economic recovery and providing relief to those affected by the Depression. These efforts included financial reforms, public works projects, and social welfare programs, which helped to stabilize the economy and restore confidence in the financial system.
The Wall Street Crash of 1929 is known as being the worst stock market crash in the history of the United States. This crash led to the Great Depression which saw US unemployment rise to 25 percent and international trade dropped more than 50 percent.
no there were many other long term cause which helped cause the great depression. the wall street crash was a cataylst that sped up the depression. if the wall street crash never happened the long term cause would have cause the depression on their own eg overproduction, tariffs etc
1929
1929
1929
1929
record high rates of unemployment
Stock Market Crash Drought Plauge of locust Unemployment
The main cause to the start of the great depression was the Wall Street Crash in 1929.
Great Depression, Black Friday
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The Wall Street Stock Market crash of 1929.