the wall street crash in 1929 in USA.

the day the stockmarket brook, a lot of people lost all their money. and many people got unemployed. a down-period started in USA, and spread to the rest of the world.

people had been irresponsible, and speculated too much on the stock-exchange. the rates had increased to a sky-high level. and at last the bottom fell out of the market. most stocks got worthless, and a galoping inflation started.

if you had 30 stoves before the crash, you also had 30 stoves after the crash. but the value of stocks and money dropped at a rapid speed.

the unimployment queue became longer and longer, and one systematized dealing out food to those, who had nothing left, by charity-organizations.

the rich peoples cynical speculation in stocks, had been exaggerated, so they all lost their money. this had disasterous consequences for USA and the rest of the world. who went into a depression-period that lasted for decades.

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