When the stock market collapsed and the impacts of the Great Depression set in, a large number of Americans lost their jobs and ran into financial difficulties, which reduced demand for cars relative to supply.
Low salaries, a proliferating debt load, a faltering agricultural industry, and an abundance of sizable bank loans that couldn't be repaid were some of the additional factors that contributed to the stock market crash of 1929.
Because of the widespread use of autos and the low unemployment rate, the economy was able to grow and create jobs. Stock prices increased by approximately ten times prior to the 1929 peak.
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