The Stock Market Crash of 1929 affected jazz music because Several record companies could not afford to keep making jazz records.
The Stock market crash of 1929 which is also referred to as Black Tuesday was the day Wall Street investors traded some 16 million shares on the New York Stock Exchange.
It was estimated that Billions of dollars were lost, wiping out thousands of investors.
The following day, there was panic selling and some stocks had no buyers at any price.
The loss of these huge amount of money greatly affected Jazz music as some record companies could not afford to keep making jazz music.
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