Why did wall street crash in 1929?

In 1929, there was a complete pretermit of confidence in the U.S. economy, leading to m all, many investors exchange their shares. This is known as the wall street crash. This was caused by a number of short and ache causes, of which I will elaborate on later.Firstly, we must consider the doddery policy of tariffs in Europe. This is very important because of the fact that Europeans could non brook u.s. goods, as the tariffs for the demoraliseing of u.s. goods was too much for Europeans to expect. Another reason the Europeans could not afford to taint u.s. goods is because most European countries had hefty war loans they had to comprise back to America, which they were struggling to pay back as it was.There was widespread poverty in the u.s.a. in the 1920s. almost 50% of American households had an fair income of under $2000 p.a. this purchased only the bare essentials in life. The worst hit were the lightlessness mint and new immigrants, who were highly discriminated ag ainst. Many black people lived in poverty in rural cities in america. New immigrants to america were assumption the lowest paid jobs, as Americans were highly prejudice against Europeans, plus they would wager for anything just to live in america. With the yield of trade unionism, there was teensy leeway for workers to bargain for better wages.The two reasons previously mentioned, let to overproduction of goods in the u.s.a. as american citizens could not afford to buy any u.s. goods as they were in dreadful poverty. People overseas could not buy u.s. goods as it would be too expensive for Europeans as the u.s.a. had imposed tariffs which taxed the import/export of u.s. goods. The small amount of people that could afford the products had already bought precisely what they had wanted. There were too many goods, and not enough people to buy them.In the early 1920s, the american derivation market was doing fantastically because of the blast in business created by the u.s. inter nal market. But, however in the mid-20s the scheme of stocks began to increase. This is to say that people were investing in a company exactly in the hope of share prices rising. As more and more people invested this way share prices rose out of all proportion to their current value.Since the u.s.a. had set up its internal market it had been easy for americans to borrow coin on credit. Small investors used this borrowed bills to buy stocks(on the marge) small investors knew that if they lost this money they would not be able to pay this back. If the banks had not been paid back by the creditors, they would not have the money to loan to people trying to buy on the margin, and so many banks close.In the autumn the experts of stock market began selling their stock as they could see that share prices were over valued. This panicked small investors, and they began selling madly. This lead to banks losing money from the loss of shares. This in turn lead to the collapse of the stock market. This is the wall street crash