The Wall Street Exchange collapsed in the year ____.

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The Wall Street Exchange collapsed in 1929.
The Wall Street Exchange is associated with the world's biggest stock exchange in the USA. In the aftermath of the Dawes Plan introduced by the USA, Germany's economy was somewhat stable between 1924 and 1928. Unfortunately, the relief was not long-lasting. Industrial recovery and German investments were entirely dependent on short-term loans from the Americans. However, the US withdrew financial support when the Wall Street Exchange collapsed in 1929. Around 13 million shares were sold in a single day, and this event officially marked the start of the Great Economic Depression. Between 1929 and 1932, USA's national income dropped by half, exports declined, farmers suffered losses, factories shut down, and speculators withdrew money from markets. This recession in the US economy hit Germany with the worst economic crisis.

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