Respuesta :
→ stock market speculation
→ too much buying of stocks on margin
→ low farm prices
→ bank failures
→ too much reliance on consumer credit
→ a drop in consumer spending
→ industrial overproduction
→ failing consumer confidence
Answer:
The "Roaring Twenties," as the decade was known, was a time of exuberant economic and social progress in the United States. The era came to an end in a dramatic and sudden manner in October 1929, when the stock market fell, ushering in America's Great Depression of the 1930s.
Explanation:
Economic turmoil continued in the years after, with the US economy contracting by more than 36% from 1929 to 1933, as measured by Gross Domestic Product (GDP). Many American banks collapsed, causing consumers to lose their funds, while the unemployment rate soared to almost 25% as workers lost their jobs.
The stock market fell in October 1929, wiping out billions of dollars of wealth and kicking off the Great Depression. The crisis, dubbed "Black Thursday," came after a period of extraordinary prosperity and speculative expansion. The economic decline was aided by a glut of supply and dwindling demand, since producers were unable to sell their goods quickly enough.
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