Did one weak day of trading on Wednesday, October 23rd, really cause Black Thursday on the 24th? In the short term, yes. Brokers panicked when the market didn’t do well on that day, and their panicky sell-off turned the next day into Black Thursday.

Once the domino effect began, there was no stopping it.

But in the longer term, the Stock Market Crash of 1929 was the result of a domino effect that began with years of people buying stocks on margin, rampant stock speculation, and mounting personal debt. The panic of March 1929 was the second-to-last domino to fall before the final Stock Market Crash of 1929.

Click the Activity button below to access the Causes of the Stock Market Crash of 1929 worksheet, which will help you to consolidate your knowledge of the long- and short-term causes of the Stock Market Crash of 1929. When you have completed this worksheet, submit it to your teacher.