USA HISTORY

Detailed explanation-1: -The decade, known as the “Roaring Twenties, ” was a period of exuberant economic and social growth within the United States. However, the era came to a dramatic and abrupt end in October 1929 when the stock market crashed, paving the way into America’s Great Depression of the 1930s.

Detailed explanation-2: -The apparent economic boom of the 1920s came to an abrupt halt in October 1929, as businesses and consumers had over extended themselves financially. The result was the Stock Market Crash of 1929 and the Great Depression.

Detailed explanation-3: -The main cause of the Wall Street crash of 1929 was the long period of speculation that preceded it, during which millions of people invested their savings or borrowed money to buy stocks, pushing prices to unsustainable levels.

Detailed explanation-4: -From 1920 to 1929 stocks more than quadrupled in value. Many investors became convinced that stocks were a sure thing and borrowed heavily to invest more money in the market. But in 1929, the bubble burst and stocks started down an even more precipitous cliff.

Detailed explanation-5: -The Wall Street Crash of 1929, also known as the Great Crash, the Crash of 29, or Black Tuesday, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended in mid November, when share prices on the New York Stock Exchange collapsed.