500
Stock markets were seen as a fast and easy way to become rich. Loans were easy to obtain, so lots of people were buying stocks. The prices went very high. This meant that selling your stocks would earn you a very big profit. Investors began to sell their stocks, and many people followed suit. Stock prices plummeted, and investors panicked, selling all of their stocks. On Tuesday October 29, 1929, the New York Stock Market collapsed, followed by those of Montreal and Toronto. People who had taken out loans immediately went bankrupt. This was the beginning of the Depression.
Explain the causes and consequences of the Stock Market Crash.