Fredycbrown Fredycbrown

13-10-2022
History

Answered

What caused the Crash of 1929?
The collapse of US investments caused American investors to call in money lent to foreign businesses. The calling in of foreign loans caused the depression to spread beyond the borders of the United States into the rest of the world. On Black Thursday (24 October), a wave of panic selling on the New York Stock Exchange caused stock prices to plummet.

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