Why did the Wall Street Crash of 1929 happen?

Answer

The Wall Street Crash of 1929 happened when people realized that share prices had risen too high yet company profits were falling as a result of over production. Therefore, people wanted to sell their shares and this caused a selling panic and share prices plummeted. As the prices fell, more people wanted to sell their shares as they were scared of losing all their money hence the crush.
Q&A Related to "Why did the Wall Street Crash of 1929 happen?"
I can give you a brief description. There was no regulation of stock exchanges in the 1920's. Companies could price fix their stocks thus charging more for them then they were worth
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This was due to 9 factors which where used in the economic boom before: Banks- banks collapsed as they lent money to customers who eventually could not pay it back. Businesses- Simply
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Excess liquidity enables people to spend money wildly. Changes in the underlying economy are masked by the Federal Reserve's interest rate changes and the government printing presses
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The Wall Street Crash of October 1929 occured on the 24th
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The Great Depression was caused by the Stock Market Crash of 1929, bank failures, reduction in purchasing across the board, American economic policy with Europe ...
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