Question

Select all that apply.

What were three major reasons that led to the stock market crash?
overextended credit
not enough product production
uncontrolled spending
overproduction
massive foreclosures
prosperity

Answer 1

The three major causes are overextended credit, overproduction, and uncontrolled spending

Answer 2

The three major reasons that led to the stock market crash were overextended credit, uncontrolled spending, and overproduction.

The stock market crash of 1929 was considered the worst economic event in world history. This event began on Thursday, October 24, 1929, with skittish investors trading a record 12.9 million shares. On October 28, dubbed “Black Monday,” the Dow Jones Industrial Average fell nearly 13 percent. The market fell another 12 percent the next day, “Black Tuesday.”