Stock Market Crash and the Great Depression in 1929: Causes, Events, and Consequences
 Stock Market Crash and the Great Depression in 1929: Causes, Events, and Consequences The Stock Market Crash of 1929 was a catastrophic event that marked the end of the Roaring Twenties and ushered in the Great Depression, one of the darkest periods in American history. Triggered by rampant speculation, economic imbalances, and policy failures, the crash wiped out billions of dollars in wealth and shattered confidence in the global economy. This blog explores the real story behind the stock market crash and its devastating aftermath. The Roaring Twenties: Prelude to Disaster 1. Economic Boom and Speculation The 1920s were characterized by rapid industrial growth, technological advancements, and rising consumer spending. Industries like steel, automobiles, and construction reached record levels of productivity 1 3 . A speculative frenzy took hold as Americans invested heavily in the stock market, often borrowing money to buy stocks on margin. By August 1929, brokers were lending m...