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OpenStudy (anonymous):

In 1929 the stock market crashed because of what ?

OpenStudy (heyyyyitsholly):

After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929.

OpenStudy (heyyyyitsholly):

Medal Please

OpenStudy (qwertty123):

Mhm ^.^ There you medal is :)

OpenStudy (heyyyyitsholly):

Yayyyy! Thank you lol

OpenStudy (qwertty123):

Also..people began to lose confidence in the economy and frightened depositors began to remove their deposits from banks

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