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The stock market crashed in the Fall of October, 1929.
Where Did It Happen
The Stock Market Crash of 1929 happened in the U.S.A.
What Happened
The crash was the drop of the value of the stock market. Before the stock market crashed people thought the market would continue to rise. So a lot of people invested in stocks.
Why Did It Happen
Why did the stock market crash in 1929? You can blame it on anything you want but there are legitimate facts about why it happened.
First off, what happened was American, trading and such, was at a all time high. They were one of the worlds top traders. But then things started to go down hill way too fast. In 1929 the bubble popped finally after years and months of the stocks going down hill the stocks finally crashed. The cause of this was the banks. They were running out of money basically. The government was paying the banks to get out of the debt. Now banks have "all" of your money right? in a way wrong. what they do is that they keep your money but they charge you too keep the money there, that's how the banks make money. Have you ever heard of loans? Well what the bank does is that they take the money that you put in and they "loan" it out to other people. So what I'm telling you is.... it is not your money! The bank gives it to other people as loans to pay off other loans and so fourth.
How Did It Happen
The stock market crash happened because the market loss a lot of value. Then people started to take out their stocks. This caused the market to lose even more value. People that had held stocks where know out of a lot of money. Since people had borrowed lots of money to put in stocks, the crash caused those people to have a debt. This started the Great Depression.
Who Cares That It Happened
Everyone cares because the stock market crash effects the U.S. economy and it caused many banks to shut down and when the banks got shut down, it affects other businesses too.
"Factories had begun to overproduce consumer goods," (Stock Market Crash) but demand for those goods didn’t increase at the same rate. Prices of those goods began to fall.
Farm crops as farmers planted more wheat than was demanded on the market.
How Is It Related To The Great Depression
The Stock Market Crash of 1929 is related to the Great Depression because it is what started the Great Depression.
Why Is It Important To Understanding The Great Depression
It is important to understaning the Great Depression because understanding what started something is the first step to undetstanding the thing as a whole.
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