Wall Street Crash of 1929

Question 1

What were the main causes of the Wall Street Crash?

Answer 1

1- Speculation: People bought stocks with borrowed money.

2- Overproduction: Too many goods, not enough buyers.

3- Weak banking system: Risky loans led to bank failures.

Question 2

What happened during the Wall Street Crash of 1929?

Answer 2

1- Black Thursday (Oct 24, 1929): Stock prices started falling.

2- Black Tuesday (Oct 29, 1929): Market collapsed, wiping out billions.

3- Banks failed, businesses closed, unemployment soared.

Question 3

What were the effects of the Wall Street Crash?

Answer 3

1- Sparked the Great Depression.

2- Bank failures wiped out people’s savings.

3- Unemployment skyrocketed, causing widespread poverty.

4- International trade declined due to the Smoot-Hawley Tariff.