THE STOCK MARKET CRASH[1929]
The stock market crash was believed to be the cause of The Great Depression, but most historians believe that it was only one of the small causes. The stock market crash was also known to be Black Tuesday which is considered one of the worst days in American economic history. On Black Tuesday, a record of 16.4 million shares were traded and the ticker tape fell behind by two and a half hours. One of the reasons for the rocketing prices was the fact that more Americans, than ever before, began to buy stocks. As stocks increased in price, many Americans believed that they could gain a big fortune, even if they owned only one or two shares of stock. People constantly kept buying stock, but it if everyone was buying who would be purchasing. The stock market crash was one of the leading causes going into the Great Depression. It left many people devistated.
