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What Caused the Stock Market Crash of 1929?

A close look at the stock market crash of 1929.

By Matthew DiLallo – Updated Nov 24, 2024 at 10:00PM

Key Points

  • The Dow Jones peaked in 1929 at 381 points before crashing 89% by 1932.
  • Excessive consumer debt and use of margin accounts inflated the pre-crash stock market bubble.
  • The crash limited lending and consumer spending, which heightened job losses.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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