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Stock Market Crash
(1929)The steep fall in the prices of stocks due to widespread financial panic. It was caused by stock brokers who called in the loans they had made to stock investors. This caused stock prices to fall, and many people lost their entire life savings as many financial institutions went bankrupt.
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- Part of Speech: noun
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- Industry/Domain: History
- Category: World history
- Educational Institution: New York State Board of Regents
- Product: Regents Exams
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