Outline the Causes of the Great Crash of 1929

question 67

Essay

Outline the causes of the great crash of 1929. Why did it come so unexpectedly? Should the great crash of 1929
been so unexpected given the rampant speculation in international financial markets, the international debt situation, a decade of relying on loose and easy American credit, the lack of any significant government regulation of securities markets, and the ability to purchase stocks and other securities "on margin"?

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Definitions:

Identity Frames

The perspectives individuals use to perceive and interpret their social positions or identities, affecting how they approach interactions and conflicts.

Experience

The knowledge or skill acquired by a person through direct involvement in or exposure to events, activities, or phenomena.

Saving Face

The act of maintaining respect, dignity, or honor in a social context, often by avoiding embarrassment or distress.

Cultural Elements

Components that define the traditions, values, norms, and practices of a culture, shaping its identity and influencing behavioral patterns.