In 1929, the great depression began in the united states, caused mainly by the stock market crash. what was a major cause of the stock market crash?

According to the historians, what triggered the fall of the stock market were these nine factors interacting with each other under debt conditions (Obligation that a person has to pay or return a thing, usually money), and deflation (Situation of excess supply that can cause a generalized decrease in prices or an economic recession), to create the mechanics of boom and bust.

The chain of events proceeded as shown below:

1.- Liquidation of debt and forced sales.

2.- Reduction in the money supply because the bank debts were liquidated.

3.- A fall in asset price levels.

4.- An even greater fall in the total value of companies, precipitating bankruptcies.

5.- A fall in profits.

6.- A reduction in production, trade and employment.

7.- Pessimism and loss of confidence.

8.- Accumulation of money.

9.- A fall in nominal interest rates and a rise in interest rates adjusted for deflation.

explanation:

actually, not all representation was acceptable based on this little piece of article, in 1776, the second continental congress issued the declaration of independence, stating their specific grievances with the british monarchy and why they were going to create a separate government. after the colonies separated from the british monarchy and formed the united states of america, they had to answer some crucial questions: 1) if not a monarchy, what type of government was the united states going to have? 2) what kind of government was going to protect the people without violating their individual liberties?

answer; generalizability;