Explain in simple language . what was the wall street exchange crash ? Why it happened ?
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many people withdrew their shares because the thought that the shares were going to a heavy loss so many people withdrew their shares which led to the crash of wall street exchange
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The 1929 stock market crash was a result of an unsustainable boom in share prices in the preceding years. The boom in share prices was caused by the irrational exuberance of investors, buying shares on the margin, and over-confidence in the sustainability of economic growth.
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