The end of Prosperity

• What are the long term causes for the end of prosperity?

  Boom in land and property values, Poorly regulated banking sector, Falling demand for consumer goods, Over Production.
• What were the two short term reasons for the end of prosperity?


  Availability for easy credit and Over Speculation on the stock market.
• What was the wall street crash?

  Stock market crash, causing prices to plummet. Many people lost everything and many people were unemployed.
• What happened on Black Tuesday?(29th October)

  16 Million shares were traded which caused a sharp and fast fall in share prices.