Wall Street Speculation and Crash (24 Okt 1929 Jahr – 13 Nov 1929 Jahr)

Beschreibung:

Causes:

1. abuses by utility holding companies
2. commercial banks eager to put deposits

Effect:

1. brought Roaring Twenties to a halt
2. accelerate global economic collapse
3. half of America's banks had failed
4. unemployment approached 30% of workforce

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Datum:

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