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Why did the boom suddenly come to an end in october 1929?

Why did the boom suddenly come to an end in October 1929?

The boom in America came to an end due: To the fact that in October the Stock Market plunged and as the people that profited from the boom speculated on Wall street they got badly effected by it resulting in them losing their house and all their others goods. These people came to live in Hoovervilles just outside the city with "houses" made of available cardboard and plastic.

Seldom does a single event so clearly define the end of one era and the start of the next, as did the Stock Market Crash of 1929. More often, these transitions occur over time and are the result of many events. In this instance, October 29 "Black Tuesday", 1929 was the day everything changed. The Jazz Age died and the Great Depression was born. The week leading to the stock market crash saw the heaviest trading in history. On Thursday, Oct. 24, a new record trading volume was set when more than 12 million shares changed hands. This was some four times the previous record. On Friday, the volume topped Thursday's record, but clearly the pressure was building. The weekend helped to ease the anxiety somewhat. But when the market volume skyrocketed and the losses mounted on Monday, the stage was set f

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Approximate Word count = 1951
Approximate Pages = 8 (250 words per page double spaced)

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