While the Stock Market Crash of 1929 is the shooting gun that triggered the next decade of depression, shown by the 26,000 business that failed in 1930, the disappearance of $10 billion in market value, and constant devaluation of stocks, credit bubbles as this crippling do not form over night. The period of rapid spending, loaning and consumerism of the 1920s allowed for the October Crash to impact the entire nation. A major factor for America’s growth included the monopoly America had on produced goods following WW1, but as European industry grew again, our purchasing power decreased. A lack of regulations on banks also primed them for failure thus also further hurting the economy. Real-estate is a useful indicator at the reality of an economy
