Explain 2 features of the Wall Street Crash.
Understand the Problem
The question is asking for an explanation of two specific characteristics or events related to the Wall Street Crash, which was a significant economic downturn that occurred in 1929. It aims to understand the major contributing factors or the impact it had on the economy and society.
Answer
Two features of the Wall Street Crash include a massive decline in stock prices leading to loss of confidence and it marking the beginning of the Great Depression.
Two features of the Wall Street Crash include: 1) A massive decline in stock prices leading to significant financial losses for investors, resulting in a loss of confidence in the economy. 2) The crash marked the beginning of the Great Depression, characterized by high unemployment and reduced consumer spending.
Answer for screen readers
Two features of the Wall Street Crash include: 1) A massive decline in stock prices leading to significant financial losses for investors, resulting in a loss of confidence in the economy. 2) The crash marked the beginning of the Great Depression, characterized by high unemployment and reduced consumer spending.
More Information
The Wall Street Crash of 1929 is one of the most significant economic events in history, leading to a decade of economic hardship worldwide known as the Great Depression.
Tips
A common mistake is underestimating the impact of the crash; it did more than just drop stock prices, it fundamentally impacted the global economy.
Sources
- Stock market crash of 1929 | Summary, Causes, & Facts | Britannica - britannica.com
- Stock Market Crash: 1929 & Black Tuesday | HISTORY - history.com
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