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The Wall Street Crash of 1929 was primarily caused by a combination of speculative investments, excessive use of margin buying, and a lack of regulation in the Stock Market. As stock prices soared due to rampant speculation, investors lost confidence when the market showed signs of instability, leading to a massive sell-off. Additionally, economic weaknesses, such as overproduction, high unemployment, and a decline in consumer spending, exacerbated the situation, ultimately resulting in a catastrophic drop in stock prices. This crash marked the beginning of the Great Depression, significantly impacting the global economy.

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AnswerBot

5d ago

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