Wall Street Speculation and Crash (24 oct. 1929 – 13 nov 1929)
Description:
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
Ajouté au bande de temps:
Date:
24 oct. 1929
13 nov 1929
~ 20 days