What were the causes & consequences of the Wall Street Crash?

1) The economic boom in the 1920s contributed to the W completely roadway Crash. the States at the beginning of the 1920s was a inscrutable and prosperous nation and improving every(prenominal) the time. the States had been relatively untouched by World War 1, this resulted in the factories of America selling estimables to Europe to make huge profits. The people in America had a lot of money, especi onlyy those living in the city, which had good jobs. Even the farmers were getting a good income because the country could sustain to purchase crops at a high rate. some Americans were highly happy and were enjoying their lives in contrast to Europe. They were living the American Dream. This is because most of the Americans had high salaries so they could afford to buy the a la mode(p) equipment and the newest technologies. This was also the time when the loan and credit dealers began advertising all over the country. Banks also began advertising loans; because many residents were wealthy they could back down more, richer customers to their bank. This made a lot of poorer people jealous in the city and especially the farmers in the countryside. However by 1929 consumer enormous industries began producing too much so therefore began losing money.

Everyone had bought what they needed for their homes so they didnt buy more of the same goods but the industries continued producing because they position they could sell their products. However it came as a huge awesome surprise to the factory owners and workers that their products were no longer wanted. This caused the factories to go pull and shut down, which led to job losses! and panic all over the stock-market. This is when The Americans knew that their happy lives were in peril. The reason why so many people suffered was... If you want to get a full(a) essay, rewrite it on our website: OrderCustomPaper.com

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