The poor including farmers, many whites and the majority of the black people could not afford to buy the goods, they could hardy afford to feed themselves and their family which meant that many didn't eat everyday of the week. With the government not being prepared to do anything about the situation, the problem would continue until something was done about the personnel wealth of Americans and the industries that they work for. Over 50 per cent of America's population didn't share in the boom; this percentage is too high to sustain such economic growth as this.
The second cause of the Wall Street Crash was overproduction by the industries in America. Overproduction wouldn't have been such a big problem if there weren't such a big gap between the rich and poor because the overproduction would not have been so bad. The reason is because there would have been more people to buy the produces leaving fewer surplus goods. Also the foreign market had collapsed after the First World War, leaving America without foreign trade and to back the situation worst America imposed tariffs on foreign imports making home-made produces cheaper to buy but Europe retaliated by imposing tariffs on American Exports making European goods cheaper to buy. Once the market for goods dried up in the USA, the company's started to stockpile which as a result made the prices of the goods drop but still the poorer American citizens could afford to buy consumer goods.
The actions of speculators were another cause of the Wall Street crash. Once a speculators got told of the news that America industries were overproducing and demand for the products had decreased, the speculators are first plan of action was to sell shares are that they had in the companies that were over producing. This led to the stock prices of the before mentioned companies to fall. Because the public believed that the American economy was very strong many of them took out loans to buy shares but where they heard the news that share prices were falling they had to sell to have enough money to pay back a the banks which they borrowed money from but unfortunately some of the prices fell so low that the public did not have enough money to pay back the banks.
When the stock prices first started to fall banks decided to buy stock prices to try to settle the stock market, unfortunately for the banks the speculators and the public realised that it was only the banks that were buying shares this caused them to go into a panic and sell their shares as soon as they can. When the banks realised that it was only them who was buying the shares they stopped and the market got worst. The people who brought shares had no intention to hold on to the shares for more than two months because they thought that they could make a quick dollar off the market and many did, that is why lending money to people to buy shares was so attractive to the banks because they could also make a quick dollar without doing anything. When the market crashed many investors who did not have any interests in the stock market lost their money. This was because after the crash the banks who let out money to people to buy shares with did not get their money make because the share prices were so lower and subsequently the banks themselves went bankrupt.
The last cause is government policies which include Laissez Faire and. Go wrong policy in of Laissez Faire meant that the government did not control he Industry and personal wealth and they didn't set borderlines for companies to follow, this meant that companies many banks lend as much money wired a little money as they liked. As so many people have access to borrowing money stock prices rocketed and as the saying goes all good things must come to an end and that stocks crashed. It did government took some interest in industries like he had of an economic crash would have been very low. The government policy to put import tariffs on European geared increased the market for American goods which led to the stock prices to fall, which in turn led to speculators to sell their stock increasing the price of the stocks further and subsequently the banks could and stabilise the prices and the whole system crash. All the causes were linked in one way or the other.
My conclusion is that all causes have the same significance because all of them in their way were major contributors to the crash and the actual facts. The crash was once the most points in America's history and I ran positive that the government could take measures to stop it. The crash wouldn't have happened if all causes were not there.