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Why Did The Stock Market Crash Of 1929

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Why Did The Stock Market Crash Of 1929
Buying on margin is kind of like taking a loan, so basically people borrowed money to buy stock. There was not really any real money going around, just loans all over the place. Nothing was circulating, and people were accumulating lots of debt. When stocks decline, there'd be no way to pay off their loans. On Sept 1929, people saw that the stock prices peaked, and then begin to decline rapidly, and so they started to pull out of the stock market, and on Black Tuesday, everybody tried to sell their stuff. The ones who bought stocks on credit acquired huge debts as the prices plummeted.
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