What caused the Wall Street Crash?
- Created by: Lily
- Created on: 09-05-13 13:02
What caused the Wall Street Crash? |
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Causes
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Effects
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Overall summaryOverall the Wall Street Crash was a devastating event for thousands of Americans. There were many different things pointed to as the blame of this, people were desperate to find a scapegoat. With the added influence of individuals the market was easily manipulated by public opinion and so changed when they did, Overall the most important reason was probably the failings of the banking system. The Federal Reserve Board did not have enough power and did not do enough to prevent the stock market getting out of control. The mass hysteria over the market meant a crash was inevitable to happen at some point. |
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