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What factors were responsible for the Wall Street Crash?
Member rating: No Rating | Words: | Submitted: Tue Apr 06 2004
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1. What factors were responsible for the Wall Street Crash? There was no single factor responsible for the sudden plummet in values on the US stock market, known as Wall Street. It was more a culmination of two or three major events or problems that built up over time, were not addressed so were able to nurture and course a fatal disaster for America in 1929. The American economy had been doing very well after a boom in 1920, thus the period was called the 'Roaring Twenties' giving an air of riotous fun loud music and wild enjoyment with 'everyone' having a good time because of all the money splashing around. However, after so many years of good living and good business the US public had everything they wanted so they stopped. They stopped purchasing products, they stopped borrowing but above all they stopped purchasing shares. Shares were the main reason for so many...
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