A speculation bubble developed throughout the roaring twenties and caused the stock market to crash, triggering the worst economic crisis and economic depression in the United States. This economic crash affected all industrialized nations, limiting production and trade worldwide. What year did the Great Crash happen?
Land and stock speculation, Britain's return to the gold standard, record high trading, a series of booms and busts, burgeoned purchase of stocks on margin, and an influx of gold on wall street all contributed to the Great Crash. Income maldistribution, the structure of trusts and corporations, the unstable banking structure, foreign trade imbalances, and lack of economic intelligence all led to the Great Drepression.
Asked by Colleen Curran · Last updated 1 month ago · 158.6K views