WORLD HISTORY

Detailed explanation-1: -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-2: -The Stock Market Crash of 1929 occurred on October 29, 1929, when Wall Street investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors.

Detailed explanation-3: -A few people profited in the run-up to the crash because they kept their greed in check. Speculators Bernard Baruch and John Raskob got out of the market in early 1929, sensing trouble ahead. His fortune intact, Baruch remained a respected figure and adviser to presidents till the end of his long life.

Detailed explanation-4: -A crowd of investors gather outside the New York Stock Exchange on “Black Tuesday"-October 29, when the stock market plummeted and the U.S. plunged into the Great Depression. On October 29, 1929, the United States stock market crashed in an event known as Black Tuesday.