1. What caused the Wall Street Crash?
The American stock market, where shares are bought and sold, is on Wall Street, in New York. In 1928, share prices were still going up. Most people were still confident about the economy. President Hoover told the Americans that poverty would ... over speculators and most of the American population. Speculators used the stock market as a form of gambling. They used to use the stock market to earn large amounts of money. What they would do was buy a share for a certain price and then sell it a few months later for a much higher price. Many Americans were involved in this and so were banks ......
- Word Count: 712
- Approx Pages: 3
- Grade Level: High School