Cause and Consequences of the 1929 Stock Market Crash

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The Stock Market Crash was one of many causes for The Great Depression which made American economy find a new low and also brought upon poverty. There were many reasons and causes of this era. The Stock Market Crash of 1929 took place at wall street. The crash happened when economy was on the verge to the top. The was when stocks had begun to plummet at a dramatic rate, sometimes falling at a slower rate. Many investors tried to stop it, but the fall was inevitable. Causes of the fall would be the fall of the dow and share values, investors buying on the margin, agriculture being low, the greed from American people, the mismatch between production and consumption. There were also dozens of consequences that happened in effect of the wall street crash. The crash was known as a bad thing to happen in U.S. history, but there is something that needs to be known. The stock market crash of 1929 had many causes and consequences. The only major contributor to the crash would be the downfall of the dow and the values of shares and stocks. The first day was referred which was referred to as Black Thursday was when it first started. The dow which was referred to as an index that tracks the daily price of shares was counted at 305.85 that day (2). The problem was …show more content…

Before the crash had come agriculture was struggling to keep up and it would not remain profitable. Due to the new economic climate farmers had to be driven out. Technology on the other hand was increasing supply, but agricultures demand was not increasing nearly as fast as technology was. Once the crash came to be economy and agriculture was even lower than it was before. Farmers were struggling to work and since the crash decreased how much they would earn. This made sure that supply didn’t reach how much it was supposed to be. Farming or jobs in agriculture was considered to be a bad choice and job to have at that

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