💥The crash of 1929 signaled the end of the prosperous 1920s and the beginning of the Great Depression.
💸Excess speculation and disconnect between the Wall Street economy and the real economy fueled the collapse.
📉Millions of small investors lost everything as stock prices collapsed.
💼The crash had a devastating impact on the American economy, leading to high unemployment and poverty.
📈It took a decade and a half for the American economy to fully recover from the crash and the Great Depression.
What caused the crash of 1929?
—The crash was caused by excess speculation and the disconnect between the Wall Street economy and the underlying real economy.
How did the crash impact small investors?
—Millions of small investors lost everything as stock prices collapsed, leading to financial ruin.
What was the long-term impact of the crash?
—The crash marked the beginning of the Great Depression and it took a decade and a half for the American economy to fully recover.
How did the crash affect the American economy?
—The crash had a devastating impact on the American economy, leading to high unemployment and poverty.
When did the American economy fully recover from the crash?
—It took a decade and a half for the American economy to fully recover from the crash and the Great Depression.
00:00The crash of 1929 signaled the end of the prosperous 1920s and the beginning of the Great Depression.
05:59Hour after hour, the market continued its descent into chaos and pandemonium as stock prices simply collapsed under the torrent of panicked sellers.
09:18The crash marked the beginning of the Great Depression, which permanently scarred the American psyche and took a decade and a half for the American economy to fully recover.
