Speculation was a factor. Banks, business, and people in general were spending money they didn't have to fit the lifestyle of the Roaring Twenties.
There were several major causes of the Great Depression in the United States. 1. Unequal distribution of wealth. There was not a large middle class. While wages were rising for the majority of...
more stock was sold than there were shares
2. The U.S Stock Market crash of 1929 3. The banks structures weren't stable. They were to weak.
taxesexcessive borrowing to buy stocks leading to the stock market crash of 1929