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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share prices dropped due to the sudden about turn by the fed regarding interest rates, ie they rised rates and this was unexpected and the worst thing that could have happened for
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The Wall Street Crash of October 1929 occured on the 24th
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