Fear, excessive speculation and the perception of instability caused the stock market crash of 1929. Institutions and financiers stepped … The 1929 Stock Market crash was a result of various economic imbalances and structural failings. Agricultural Recession. Stock market crash of 1929 was also known as the "Great Crash". It was called Black Thursday, Black Monday, or … Even before 1929, the American agricultural sector was … The stock market crash of 1929 was the worst economic event in world history. I want to know what happened after the first world war that made the economy crash on October 29th, 1929. This was begining of The Great Depression. I don't understand how the economy was going so well for ten years, and then just fell apart in six days. By Oct. 29, 1929, the Dow Jones Industrial Average had dropped 24.8%, marking one of the worst declines in U.S. history. The crash began on Oct. 24, 1929, known as "Black Thursday," when the market opened 11% lower than the previous day's close. This caused the stock market to collapse, taking the broader economy along with it. It destroyed confidence in Wall Street markets and led to the Great Depression. What caused the Stock Market Crash of 1929? What exactly caused the stock market crash, and could it have been prevented? These are some of the most significant economic factors behind the stock market crash of 1929. The stock market crash of 1929 was a collapse of stock prices that began on Oct. 24, 1929. The stock market crash of 1929 took place in the state of New York and it took place in Wall Street.