I thought it was pretty clear how it happened.
People had too much credit in an inflated economy which couldn't be sustained so people had to start selling off assets to stay solvent.
Those that sold first did well, but then too many others thought it'd be a good deal too.
There wasn't enough real money in the market to sustain this sort of selling off and all of a sudden, things came to a grinding halt.
in a nut shell.
__________________
Kind words are the music of the world. F. W. Faber
|