Reasons for the 1929 Wall Street stock crash

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12 December, 06:43

Reasons for the 1929 Wall Street stock crash

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Antonio Cantrell · Answer 1

One of the main reasons for the 1929 Wall Street stock crash was because of the 16 million dollars worth of stocks that were traded on that day. This was on a Tuesday. During this time, there were plenty of rich people who were living an extravagant or lavish lifestyle which was then the cause of their big expenses.