Respuesta :
The steps by which the American economy went from prosperity to depression in the late 1920s are:
• Factories switch from war to consumer production.
• People invest heavily in the stock market.
• Stock market crashes.
• Banks and business fail.
• Peopleople lose their jobs.
1920s Malaise Crisis
In the 1920s, the United States e States experienced an economic crisis. The public called it the Great depression
This dark history lasted for 10 years, from 1929 to 1939 when the government office was led by Herbert Hoover.
The Great Depression was a serious blow to the American economy considering that throughout 1920 their economy was growing so rapidly. The economy grew rapidly, the country's wealth more than doubled so that this period was once referred to as "The Roaring Twenties". The booming economy sparked massive speculation on the stock market. The stock index soared to its peak in August 1929.
The United States' nightmare began in September 1929, when stock prices slowly continued to fall. The climax occurred on October 24, 1929 when there was a massive release of shares. Nearly 13 million shares changed hands within a day. Stock index fell very deep in just one day. The Dow Jones Industrial Average (DJIA) fell 11 percent in a day. The public called this event "Black Thursday".
Five days later, on October 29, 1929, exactly this day 89 years ago, the stock market crisis reached its worst point. Sixteen million shares were sold in an extraordinary panic. People call this event "Black Tuesday" and it is one of the most memorable days in world economic history.
This was the beginning of the great depression commonly known as the "Malaise Crisis".
Learn more about malaise crisis https://brainly.com/question/6008147.
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