The Wall Street Crash of 1929 is known as being the worst stock market crash in the history of the United States. This crash led to the Great Depression which saw US unemployment rise to 25 percent and international trade dropped more than 50 percent.
Depression? I believe the aftermath of a huge World war caused that.
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The funds to buy-out the shares of Mario T. Mananghaya came mainly from RCBC group led by Mr. Lorenzo V. Tan and Cesar Purisiman group led by Mr. Manabat and Mr. Bonoan.
It was known as the Crash of '29, Black Thursday, Black Monday, Black Tuesday.The nickname for the stock market crash is called Black Tuesday. This led to the Great Depression and happened in 1929.
The Wall Street stock market crash in 1929 led to the Great Depression of the 1930s.
The Wall Street Crash of 1929 is known as being the worst stock market crash in the history of the United States. This crash led to the Great Depression which saw US unemployment rise to 25 percent and international trade dropped more than 50 percent.
The 1929 slump on the stock market in New York. People lost a lot of money and it led to the Great Depression of the 1930s
It was a period of financial difficulty caused by the 1929 Wall Street Crash that led to a global depression. Britain had an economic decline
The Wall Street crash, when stock prices fell dramatically. this led to the Great Depression which lasted many years
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Bernie Sanders blames Wall Street for the 2008 Economic Crash because Wall Street initiated many of the policies that led to the crash, most notably the creation of mortgage-backed securities and other complex financial instruments that had inflated values.
When wall street crashed in 1929 it was a loss of billions of dollars which had a huge negative impact on the economy. The rich lost money, but so did the middle class people who could not afford the loss. People lost their jobs, businesses went bankrupt, and thousands of people committed suicide. This eventually led to the great depression in 1932.
Though there were smaller underlying causes, the big crash would be the Stock Market crash of 1929.
Sudden unemployment following the Wall Street crash of 1929. Lots of ex-soldiers, hungry and with nothing to do, feeling let down, and ready to listen to Hitler telling them that they hadn't been defeated, only stabbed in the back. This led to Hitler's rise to power, and then to his demand for 'lebensraum', invading Czechoslovakia and Poland, which brought declarations of war by Britain and France.