Why did the American stock market crash in 1939 cause an economic crisis?
- bluLv 71 month agoFavorite Answer
By 1929, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a weak agriculture, and an excess of large bank loans that could not be liquidated.
- PAMELALv 71 month ago
It was 1929, just look it up!
- LizLv 41 month ago
The Bible foretells the final collapse of all the greed-driven economic systems of this world. When God brings this world system to its cataclysmic end, no stock portfolio, no bankroll, will buy protection or escape. Money will be so useless that people will throw it into the very streets. (Ezekiel 7:19; 1 John 2:15-17) Only spiritual investments will have any value then.
Especially comforting is the Bible’s promise that after that time of destruction, greed will no longer rule the world. Justice, not profit, will then reign forever. (Isaiah 9:6, 7)Source(s): jw.org
- PhilLv 41 month ago
It was 1929 not 1939.
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- thinkingtimeLv 71 month ago
Lots of ideas here: