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According to the special i just watched it was caused by market manipulation and speculators.when it happened the first time.according to what they said some companies were so huge that they could cause stock to rise or fall just by buying or selling stock..they would by a stock and when it rose to it's optimum price for them they would sell leaving all the other investors holding worthless stock.almost identical to what has happened to today's market.companies falsifying sells records and profits to make their stock worth more than it actually was.then they sell all their stock and make a bundle while their investors lose everything.watch a special on pbs about the stock market crash. They show it all.one man was so powerful that when he went to work the police department would make sure all the street lights were green for him all the way to and from work.
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