wall street exchange crash germany 1929 explained
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Explanation:
The Wall Street Crash was a stock market crash that took place from the 24 October to 29 October 1929. Following the optimism of the 1920s, people were keen to invest in stocks and shares, where they believed they could make a fortune.
This burst of investment pushed companies stock market value higher than their real value .
On the 3 September 1929 stock prices reached an all-time high.
However, shortly after this, prices started to drop. This led to mass panic selling. By October 1929, the value of the market halved.
As the world economies were linked through international business, the Wall Street Crash resulted in an international depression . As a result of this international depression, and the need for money at home, the USA called in their international loans.
Germany was reliant on international loans and investment. They had used these, as explored above, to rebuild their economy after the war and hyperinflation crisis, and invest in new schools, businesses and hospitals. As the USA removed this investment, Germany fell into another economic crisis.
Answer:
The Wall Street Crash was a stock market crash that took place from the 24 October to 29 October 1929. Following the optimism of the 1920s, people were keen to invest in stocks and shares, where they believed they could make a fortune. ... Germany was reliant on international loans and investment.
Explanation:
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