1. What is a speculative bubble in the context of the 1929 financial crisis?
2. What was the primary function of Black Thursday and the stock market crash in the context of the 1929 economic crisis?
3. How does the global spread of the 1929 economic crisis compare to its regional impacts in the UK and France?
Causes of 1929 Crisis
Overproduction, speculation, and excessive margin loans.
Black Thursday — significance?
Start of the stock market crash and Great Depression.
Global spread — effect?
Led to worldwide economic downturn and social unrest.
Speculative Bubble — definition?
Asset prices inflated beyond intrinsic value.
Black Thursday — significance?
Stock market crash on October 24, 1929.
Overproduction — impact?
Led to falling prices and profits.
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