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Financial Collapse - Coggle Diagram

- - - - why might americans have been buying less in the years preceding the stock market crash? because workers lost their jobs causing people to buy less
      - what major weaknesses had appeared in the american economy by 1929? overproduction, competition between countries, downward economic spiral
      - concept: economy
        
        supply and demand: overproduction
  - - - competition between farmers in australia, latin america, and europe
      - https://www.federalreservehistory.org/essays/stock-market-crash-of-1929
- - - - in September 1929, some investors began to think that stock prices were unnaturally high. They start selling their stocks believing the prices would go down.
        
        by october 24 the gradual lowering of stock prices had become an all-out slide downward.
        
        a panic resulted, everyone wanted to sell stocks and no one wanted to buy
        
        Prices plunged to a new low, a record 16 million shares of stock were sold.
        
        Then the market collapsed