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"The main cause of the Wall Street crash was the panic selling of shares."
Member rating: No Rating | Words: | Submitted: Wed Nov 19 2003
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The Wall Street Crash "The main cause of the Wall Street crash was the panic selling of shares." I do not agree wholly with that statement. The panic selling of shares was the immediate cause to the Wall Street crash. However, if there had not have been the panic selling of shares then there would not have been such a dramatic slump but a smaller one. America was doing well in the end of the 1920s; the boom had made half the population happy. However, now that all the people who could afford it had brought electrical goods, cars etc there was no one else left to buy the surplus products. This is called overproduction, this means that there are too many products and the market is saturated, this usually starts off a slump. The companies were then starting to do not as well, this meant a fall in the...
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