Today we discussed our webpages, and the stock market crash, and we watched a video. We learned about land speculators and stock speculators. We also went over causes from the stock market crash.Causes:• Over speculation during 1920s• Over production of goods• Buying on margin• Uneven distribution of the wealth in the 20s• Too much borrowing from the banks• Stock prices grossly inflated: did not have real value• Massive fraud and illegal activities• Federal reserve policyEffects• Investors and businesses loss millions• Thousands of banks fail• Businesses cut production, lay off thousands• Unemployment rises, consumer base drops further• Economic contraction in the u.s. spreads to Europe• The great depression sets in
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