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Questions and Answers
What event is considered the trigger for the Great Depression?
Which factor contributed to the unsustainable growth in the stock market during the Roaring Twenties?
What was a significant barrier to rebuilding investor confidence after the market crash?
When did federal interventions lead to the first growth of the stock market during the Great Depression?
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What ultimately contributed to the end of the Great Depression?
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Study Notes
Wall Street Crash of 1929
- Triggered by over-speculation in the U.S. stock market, marking the onset of the Great Depression.
- The Roaring Twenties saw unprecedented investment, with many investors borrowing funds to purchase stocks.
- The stock market experienced considerable growth, plateauing in the summer of 1929 before crashing in October.
- The crash followed eight years of continuous economic expansion characterized by rampant speculation.
Contributing Factors
- Federal disregard for corporate growth created a volatile investment environment.
- Banks heavily invested in the stock market, exacerbating the market's instability.
- Lack of protective regulations contributed to a significant loss of confidence when the market faltered.
Aftermath and Recovery
- The economic fallout severely impacted the working class, with lasting effects throughout the 1930s.
- Federal interventions in 1933, including new policies and regulations, reinstated investor confidence.
- This renewed confidence led to the first signs of stock market growth during the Great Depression.
End of the Great Depression
- The economic decline concluded as the American economy shifted to support military efforts during World War II.
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Description
Explore the causes, contributing factors, and aftermath of the Wall Street Crash of 1929, a pivotal event that triggered the Great Depression. Understand the economic conditions of the Roaring Twenties and the significant regulations introduced to restore confidence in the market.
