Causes of the Wall Street Crash

Causes of the Wall Street Crash - Why did it happen?

Economic weaknesses

•  60% of families could not afford consumer goods.
• Many who did buy consumer goods brought on Hire Purchase.
• The richest soon had all the consumer goods that they wanted.
• Tariffs (taxes on imported goods and exported goods) restricted trade.
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Laissez-Faire

• Laissez-Faire means the government left people alone to act freely and sort their own problems out.
• The Federal government thought that by not getting invoved with the economy,…