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The Stock Market Crash Of The 1920's

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The Stock Market Crash Of The 1920's
The 1920's, a time often refered to as the "Roaring 20s", was filled with lavish spending and people enjoying their new wealth. On October 29, 1929 the stock market crashed, bringing forth the Great Depression. Banks and buisnesses failed, real GDP plummeted, and unemployment soared. Over the years, people have debated whether a reccession could be caused by a stock market crash, or just a symtom. Evidence suggests that the 1929 stock market crash only reflected an economic decline that was already underway. For example, months before October 1929 national production had already fallen. Although, could the stock market crash have instead of being a symtom, been a cause?
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