Why did the US stock exchange collapse in 1929? How far was speculation responsible for the crash?

History

GCSE

AQA

9m 29s

in AQA History B 20th C Depth Studies USA Sections A and B

In 1929, Yale University economist Irving Fisher stated confidently: "The nation is marching along a permanently high plateau of prosperity." Five days later, the stock market crashed and in the Great Depression that followed, the worst the USA suffered the worst economic downturn in its history.

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