What was the stock market crash of 1929?

stock market crash of 1929, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s. The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world. View of the New York Stock Exchange on an active day in the late 1920s.

What was the Great Depression?

The Great Depression was a devastating and prolonged economic recession that followed the crash of the United States stock market in 1929. It lasted through 1941, the same year that the U.S. entered World War II.

What factors led to the Great Depression?

The Depression ran from 1929 to 1941. Investing in the speculative market in the 1920s led to the stock market crash of 1929 and this wiped out a great deal of nominal wealth. Other factors also contributed to the Great Depression, including the Fed's inactivity followed by its overreaction.