What was the cause of the stock market crash of 1929?
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Ultimately the cause of the 1929 Stock Market Crash was an asset and equity bubble driven by the general public’s unrestricted access to credit. Easy access to credit-fueled a wave of highly speculative and risky investments in the stock market. Eventually, prices were unsustainably high, and the overheated stock market crashed.
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Low wages, debt proliferation, a failing agriculture sector, and an abundance of large bank loans that could not be liquidated were among the other causes of the stock market crash of 1929.
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At the turn of the 20th Century, New Mexicans wanted to prove their loyalty to the United States. They found their opportunity by joining Teddy Roosevelt's Rough Riders to fight in the Spanish American War.
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