One of the greatest economic disasters in American history was precipitated by the stock market crash of 1929. This was a terrible time for almost all United States citizens. The consequences of the stock market crash of 1929, was a devastating event for the United States, it affected every aspect of all American life. In order to more fully understand this occurrence, it is necessary to examine the events which led up to it, the specific causes, and the effects. There are many historical events, which led to the crash in the stock market of 1929. The crash of 1929 was not the only crash that the stock market had to face; the market has faced many plunges before. There was not just one single factor that had caused the market to crash; there were many underlying reasons.
             At one time, people wanted household electric equipment and automobiles, and other such items. People at this time wanted items such as microwaves and such things as toasters and anything that was electric. "These items were just started to come about and everyone wanted them. They were hard to get at first but they started making more and more of them and were easier to get" (Sweeney). "At that time, unemployment was high, it showed chronic depression in certain industries and over expansion in others" (Galbraith). "Overall, the wealth of the United States and the real income of large numbers of people was increasing, which in turn, caused an increase in speculation" (Cabell).
             There were certain specific events that caused the stock market to crash in 1929. In the early 1920's post war era, rebuilding was taking place and electricity was growing. "Many people were caught up in the stock market because of "consumerism." From 1925 to 1929, it was almost a craze to play the market" (Galbraith). "What made the stock market popular was the fact that you could go to a broker and purchase stock on margin" (www.tarpley.net/29crash.htm). People could purchase stocks w...