Social Sciences, asked by nithish33, 1 year ago

When was wall street exchange collapsed

Answers

Answered by Inflameroftheancient
1
The great crash of the stock market exchange of Wall Street happened in the year of \bf{1929}. It commenced the great depression for all the industrialised working countries and spelled a mishap for the next 12 years.

The Dow Jones were cut off from about 25% of their marketed value in the total amount of shares, amount of 30 billion dollars were lost in thin air, which is equivalent to 395.8 Billion dollars when estimated to today's date.

All shares were bought in order to alleviate the certain circumstances for a lower share value and bring the stock marketing exchange to a higher stock price.

The stock values according to Dow Jones Industrial Average, went to a new low and affected many people and made them to lose the strong usual trust on Wall Street stock exchange, mostly due to fluctuating prices and the inability to control it in a efficient way for investors, businessman, brokers, etc. (The trends too took time to recover).
Answered by DIVINEREALM
2

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.....HERE G⓪ES Y0UR ANS.....

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ON 29 October 1929 THE wall street exchange was collapsed

This event is also known as

  • The Wall Street Crash of 1929
  • Stock Market Crash of 1929
  • The Great Crash
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