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The Causes of the Great Stock Market Crash
Title: The Causes of the Great Stock Market Crash
Category: History / North American History
Details: Words: 554 | Pages: 2.4 (approximately 235 words/page)
The Causes of the Great Stock Market Crash
There were four main things that were seriously wrong in the American society that continued to worsen as the decade went on (1920-1930). One of these was hardly noticeable, but the impact was well-felt. And the other three were highly visible and widely discussed and debated.
The first of these flaws was the income being distributed with great inequality. Although output to workers increased, and business profits increased rapidly, only the well-to-do and wealthy families saw …showed first 75 words of 554 total…
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…showed last 75 words of 554 total…Times were up to 181; almost never seeing a setback at all. This was the most frantic summer in financial history; stock prices nearly quadrupled compared with the four years earlier, and there ran around 5,000,000 transactions on the New York Stock Exchange a day.
What counted most was the increase in capital values; this helped stabilize the economy for a good amount of time until World War 2 rolled in to help boost the industries and corporations.
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