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Was the panic selling of shares the main reason for the end of the economic boom of the 1920s?

Was the panic selling of shares the main reason for the end of the economic boom of the 1920s? class=

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By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.

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