Stock Market Crash
*Dow Jones Industrial average collapsed
*Continued selloff took place until 1932 when the DJIA was 89% of its 1929 peak
*People threw themselves out of buildings
*Businesses go bankrupt
*Banks close
*Depression begins
*High Tariffs - Success for US businesses, part of isolationism policy
*Laissez faire capitalism - private ownership with little infringement from the government
*Overproduction a major cause for both agricultural recession and stock market crash
*Government restriction on immigration, particularly Asians during this period.
*Continued selloff took place until 1932 when the DJIA was 89% of its 1929 peak
*People threw themselves out of buildings
*Businesses go bankrupt
*Banks close
*Depression begins
*High Tariffs - Success for US businesses, part of isolationism policy
*Laissez faire capitalism - private ownership with little infringement from the government
*Overproduction a major cause for both agricultural recession and stock market crash
*Government restriction on immigration, particularly Asians during this period.
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Summary
The stock market crash was essentially created by buying on the margin. Hundreds of people lost everything and along with their money.