3. What were causes and consequences of the Wall Street Crash?
As you have seen in the previous sections, America in the 1920s was a confident country with a booming economy. The new President who was elected in 1928 announced that "We in America are nearer to the final triumph over poverty than ever before"However in October 1929 stocks and shares on Wall Street crashed. As a result the American economy collapsed and the prosperity of the previous decade was ended.
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