America at the beginning of the 1920s was a rich and prosperous country and improving all the time.
What Were The Consequences Of The Wall Street Crash. On saturday the 19th october 1929 share prises began to fall and 3,488,100. After the stock market collapsed in the wall street crash of 1929 millions of americans suffered poverty and unemployment during the economic depression.
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The very rich lost money on wall street but they could just about afford it. Place the factors in what you consider to be their order of importance. According to frederick lewis allen's only yesterday (1931), the rich man's chauffeur drove with his ears laid back to catch the news of an impending.
Indeed, this crash has had huge consequences worldwide.
It occurred in late october 1929. They were being irresponsible with other people's money, if they lost money on the stock market it was the banks that suffered. This triggered off the great depression, and many other consequences. Give the five most important reasons for the wall street crash.
