How Far Was Speculation Responsible for the Wall Street Crash?

How far was speculation responsible for the mole Street break down? Speculation was one of the main factors for the skirt Street Crash. thither were other reasons for the besiege Street Crash but everything is connected. The Wall Street simply over-heated; between 1924-29 the value of sh atomic number 18s rose 5 times. The Wall Street Crash was a horrible resultant for the Americans. People that lived in America thought they were doing so swell because of the roaring twenties. People could afford almost everything they privationed, they could go step forward and spend coin and buy many consumer goods. As the Wall Street Crash came lots lives changed a ring and they couldnt afford to do anything. Speculation was a thin out(p) in the late 1920s. Many community became speculators - there were 600,000 by 1929. Speculation was a form for gambling; it meant that many people were buying shares but they didnt keep these shares for long. They borrowed more money so they could buy more shares and then sell them when the prices had at rest(p) up again. Some firms, which were not safe investments, floated shares, but people still bought them. They expected to make a profit out of them. The American economy was doing very well and as it was doing so well there were more share buyers than sellers and the value of shares was rising.

at that place were other factors that helped cause the Wall Street Crash and these factors are all connected. There was distressing distribution between overflowing and poor. The problem was that the recondite people were making millions but the poor were making nothing. There was also mal distribution of wealth, which led to the Wall Street Crash. A major cause of the depression was the variety of wealth in America. There were some extremely rich people, and huge numbers of extremely poor people the confidential information 5% owned a third of the wealth, while 40 per cent of the population were living in poverty. There was hardly any middle class and that was a problem in America because it was not fair that some people were... If you want to get a full essay, order it on our website: Orderessay

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