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OpenStudy (anonymous):
why did the stock market crash in 1929
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OpenStudy (aaliyahfairgood):
In the 1920s,many people felt that they could make a fortune from the stock market. Forgetting that the stock market was volatile, they invested their entire life savings. Others bought stocks on credit (margin). When the stock market took a dive on Black Tuesday, October 29, 1929, the country was unprepared. The economic devastation caused by the Stock Market Crash of 1929 was a key factor in beginning the Great Depression. also known as black Tuesday
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