What was the Wall Street Crash of 29 October 1929?
The Wall Street Crash happened when people realised that share prices had risen too high as companies profits were falling as a result of mass(over)production.
Therefore people wanted to sell their shares.
As prices fell, more people wanted to sell their shares as they were scared of losing all their money. This caused a selling panic and share prices plummeted.
Any comments on the Wall Street Crash, please leave them below.
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This information was really useful. I missed a history lesson at school and this article had everything in it that I needed to know.
Comment by David — September 19, 2006 @ 4:19 pm
Im glad that this helped.
You may want to look at the previous article, how do stocks and shares work as it is linked to this one and should be included in your study notes.
Comment by Sam — September 19, 2006 @ 5:14 pm
i just htought that u might want to add WHY it crashed, beacsue of the speculators all selling their shares in quick succsession.
just thought u minght wanna add that
Comment by darren — March 3, 2007 @ 5:58 pm
Thank you.
But what is more important is WHY the speculators sold all their shares.
You can see the long term causes here
http://www.thegreatdepression.co.uk/causes-of-the-great-depression/
Comment by Sam — March 4, 2007 @ 5:21 pm