The correct answer is Great Depression
The economic euphoria in the United States began in the early 1920s, when large companies began to invest in securities on the stock exchange. The economy showed an infinite sea of possibilities. Exaggerated consumption, high profits and the whole culture of the "American Way of Life". A whole culture built on the pillars of the market and consumption.
Cinema became a fever at that time. Production, especially of durable consumer goods such as cars, faced their best rates. It was the “Crazy 20's”. Everyone lived at the height of capitalism. However, this crisis projected that crisis that is considered as the biggest that Capitalism has ever faced. A systemic crisis, where the capitalist model hitherto winning starts to decompose. The economy that largely revolved around speculation on the stock exchange and, therefore, artificial, thus found its limit and breaks at the time of the “New York Stock Market Crash” on October 24, 1929.
The main factors that led to the "Crash" were the result of the economic euphoria itself. The increase in consumption meant that industries also increased their production, however at a certain point there was no longer a market for such extensive production, which made countless industries start to fail because they were unable to sell their production.
Another factor in the great crisis was agricultural overproduction. The agricultural market as well as the industries, following the growth of consumption, started to produce more than the market had the capacity to absorb. Mainly, wheat production was affected by the moment of market retraction.
The stock market crash was the height of the crisis. While the economic euphoria dominated the North American market, thousands of people started to invest in shares of companies, however when facing the crisis of overproduction, the shares of these companies start to fall day after day. In October 24, 1929, the "stock market crash" occurs, the day that these shares reached the lowest values. While thousands of investors try to sell their shares, no one buys them because they are aware of the crisis that hit the market.
