What Caused the Stock Market Crash of 1929? | HISTORY
https://www.history.com/news/what-caused-the-stock-market-crash-of-1929
A Stock Market Peak occurred Before The CrashThe Market—And People—Were OverconfidentPeople Bought Stocks with Easy CreditThe Government Raised Interest RatesPanic Made The Situation Worse Some experts argue that at the time of the crash, stocks were wildly overpriced and that a collapse was imminent. That same sense of reckless overconfidence extended to average consumers and small investors, too, leading to an “asset bubble.” The crash happened after a long period of rising market growth that led to consumer overconfidence. In fact... quizlet
Some experts argue that at the time of the crash, stocks were wildly overpriced and that a collapse was imminent. That same sense of reckless overconfidence extended to average consumers and small investors, too, leading to an “asset bubble.” The crash happened after a long period of rising market growth that led to consumer overconfidence. In fact...
quizlet
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