short term causes of wall street crash

banking system- reserve banks acted in interest of b….. rather than nation, l….. banks not under system, fed reserve b……. favoured low i….. rates= easy credit= cause of crash- lowered rates to …%

Bankers, local, board, interest, 3.5%

Over speculation of stock market- people bought shares and thought market would i…. - 1928 prices didn’t rise as businesses not s……. enough= stopped buying shares, once prices increased people bought more and gov had no rules to stop this as r…… believed in lassiez faire- 1929 .. million shareholders in usa

Increase, selling, republicans, 20

Availability of credit- people could buy s….. on credit without having enough cash to pay for them- prices began to fall, ..% of price of shares bought on credit= made e….. look stronger than it was= business f…..

Shares, 75, economy, failure

Loss of confidence- people lost confidence= selling s….. before value fell further, meant people lost m….., rumours fed r….. bank was going to make it more difficult to b……

Shares, millions, reserve, borrow