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Stock Market #Crash, 1929, happened at a time when the countries were booming and the economy was developing. The position of the USA at the period was flourishing as it emerged as a super power just after the World War I.
The blooming period was known as roaring twenties when all sectors of the economy was booming and the crash came as a shock to the entire country and other countries since most of the countries were interconnected with each other on the basis of trade and commerce.
This led to a global depression and almost all the countries were affected, causing widespread downfall.