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