| Question | Wall Street crash |
|---|---|
| Answer | America’s stock markets crashed in 1929. The country experienced an economic boom after the end of World War One, so everyone had money to spend. A lot of this money went into stocks, so the stock market expanded rapidly. However, these high stock prices didn’t match the state of the rest of the country. Wages were low, unemployment was high, and production had declined. Many consumers were in debt. Eventually, people panicked and started selling their stocks at ridiculous prices, and the market crashed. |
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