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Created with Fabric.js 1.4.5 Growth and decline of the U.S. Economy There is the adoption of theautomobile to rail travel. The flexibility of car accesschanged this and the growth of suburbs began to accelerate.The demands of trucks and carsled to a growth in theconstruction of all weather surfaced roads to support their movement. The rapidly expandingelectric utility networks led to new consumer appliances and newtypes of lighting and heating forhomes and businesses. The introduction of the radio,radio stations, and commercialradio networks began to break uprural isolation, as did theexpansion of local and long-distance telephones.activities such as traveling, going to movies, andprofessional sports became majorbusinesses. The period saw majorchanges in business and technology. The Federal Reserve System first tested its powers and the United States moved to a dominant position in internationaltrade and global business. Industrial production was rising,and this fueled the speculation. However, production and GDPwere rising at a much slower ratethan the stock market.So if the GDP and productionwere to rise at the same rate as the stock market the crash could have been prevented What caused economic growth? The Wall Street Crash of 1929, also known as Black Tuesdaybegan in late October 1929 and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout.The crash signaled the beginningof the 10 year Great Depression that affected all Western industrialized countries. What could've stopped it? Leading up to the crash The crash began on Black Thursday, October 24, 1929. The stockmarket opened at 305.85, and was falling 11% during the day, It regained, toclose just 2% down for the day. Wall Street bankers were worriedbecause trading was triple the normal On Black Monday, October 28, it fell another 13%, even though the bankers had bought stocks to prop it up. The next day was Black Tuesday, when it fell another 11%, as panicked investors stampeded out of the stock market. Over 16 million shares were sold that day. Over the fourdays of the stock market crash, the Dow dropped 25%, losing $30 billion in market value. What Caused Black Tuesday? The Stock Market Crash of 1929was a tragic time in americanhistory, It hit American hard, and no one was expecting it. Liketoday we lose billions of dollarsto the stock market, although it doesn't effect us as bad as it didat this time, it is still comparableto today. Comparable to today?
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