Anonymous
Anonymous asked in Arts & HumanitiesHistory · 4 weeks ago

why did the US stock exchanges continue to rally in 1929 even after the London stock exchange had already crashed?

Update:

there were major signals of an global economic slowdown as early as the beginning of 1929?  Germany's economy had already crashed and then London Stock Exchange crashed in early September and business indexes from auto makers, home builders, rail road carriers etc all pointed to a massive slow down as well as rising unemployment and lay offs. so how similar is what is happening today in the stock exchanges to what was going on in 1929 before the massive NYC stock exchange crash in late October

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