: Easy access to credit allowed ordinary citizens to invest in the stock market, often through risky "buying on margin". The Hidden Fault Lines
From Glamour to Gloom: The Tale of Two Decades The transition from the "Roaring Twenties" to the Great Depression remains one of the most dramatic shifts in history, moving from a peak of modern optimism to the depths of economic despair. The 1920s: A Decade of Unprecedented Boom The 1920s and the Great Depression The 1920s an...
While the surface was golden, structural weaknesses were forming: : Easy access to credit allowed ordinary citizens
: Wealth was concentrated; the top 5% of Americans held more income than the bottom 60%. The illusion shattered in October 1929
The illusion shattered in October 1929. On " Black Tuesday ," October 29, the stock market collapsed, wiping out billions in wealth. 5 Causes of the Great Depression - History.com
: Farmers faced hardship long before 1929 due to overproduction and falling prices after wartime subsidies ended.
: Much of the era's prosperity was fueled by credit that consumers could not truly afford. The Great Crash and Global Collapse