Moh asked in Arts & HumanitiesHistory · 1 month ago

Why did the American stock market crash in 1939 cause an economic crisis?

Update:

On 1929

5 Answers

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  • blu
    Lv 7
    1 month ago
    Favorite 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.

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  • PAMELA
    Lv 7
    1 month ago

    It was 1929, just look it up!

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  • Liz
    Lv 4
    1 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
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  • Phil
    Lv 4
    1 month ago

    It was 1929 not 1939.

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  • 1 month ago

    Lots of ideas here:

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