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  • Essay / Causes of the Wall Street Crash - 707

    Causes of the Wall Street Crash of 1929The Roaring Twenties came to an abrupt end on October 29, 1929 when the stock market collapsed. The steep descent began on October 24, 1929 and lasted four days with over sixteen million shares traded. Now known as Black Tuesday, economists conducted studies on this day to shed light on the causes of the economic crash. Economists have discovered that social presence, the decline of industry, the loss of agricultural growth and the invention of credit inevitably caused the market collapse that October day. Social presence in 1929 was static. World War I was finally over. Men returned to their wives and settled in growing industrialized cities to find work, housing and