2 ms·
<1% of Americans owned stock when the market crashed in 1929. But its slightly beside the point. The depression was more triggered by a perfect storm of incompe
by valarauca1 11y ago
<1% of Americans owned stock when the market crashed in 1929. But its slightly beside the point. The depression was more triggered by a perfect storm of incompetence/environment debt.
-Hawley-Smoot Tariff did not work at all, and made things MUCH worse.
-Farmers burning their crops in protest of rock bottom prices post crash instead of selling them.
-The Dust Bowl worsened the situation greatly.
-Wide spread bank failure.