How did the Wall Street crash happen?

Answer 1

The Wall street Crash of 1929 occured because at that time, people were making money through shares and stocks. On October 24, 1929, stockholders started selling their stocks. Otherstockholders started to freak out and hastily put their stocks up for sale too. Well because there were lots of stocks for sale and not too many buyers, prices got lower and lower until they were hardly worth anything at all. Then on October 29, also known as Black Teusday, almost 14 billion dollars were lost. People found themselves neck-deep in debts and banks closed down because people couln't pay back their loans. So that's how the Wall street crash of 1929 happened and opened up the great depression to America.

Answer 2

The Wall Street crash of 1929 was primarily caused by widespread speculation in the Stock Market, overvaluation of stocks, and excessive borrowing by investors. When stock prices began to fall in late October, panic set in as investors rushed to sell, leading to a downward spiral in prices. The crash ultimately triggered the Great Depression due to its impact on the economy and financial system.