Question

In 1929, the stock market crashed because

Answer 1

In October 29 in the year 1929 black Tuesday hit Wall Street as depositors traded some 16 million shares at New York Stock Exchange one day.  

Billions of dollars lost clearing thousands of depositors.  

Aftermath of black Tuesday America and rest of the industrialized world rounded downward into Great Depression (1929-39) the deepest and long lasting economic downturn in history of the Western industrialized world.

Answer 2

Due to the investors lost confidence in the market and rushed to sell their shares

Explanation:

• In 1929 the rise of unemployment and decline in the production of items, Left the stocks in excess of their real values.  

• Other factors were the low wages, the proliferation of debts struggling agriculture sectors, and large bank loans that were to be liquidated.  

• It occurred in October on Friday when 16 million shares of NYSE collapsed wiping out the investors. America was hard hit by form great depression.

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• brainly.in/question/6912371 answerd by qwlion.