Wall Street Crash
- Created by: asteadman
- Created on: 07-05-14 09:25
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- Wall Street Crash
- Causes
- Overproduction in agriculture
- Overproduction of consumer goods
- Inequality
- Foreign competiton
- Rush to buy shares
- Forced by shareholders rather than reinvesting them
- America borrowed money on credit
- Effects
- Many individuals were bankrupt
- People lost their homes
- Banks collapsed
- Farmers suffered
- Unemployment
- Demand for goods of all types fell
- Production fell and so did wages and jobs
- Causes
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