Do you agree with the statement? Critically discuss the reasons for the 1929 wall street stock crash as well as economic and social impact of the crash in usa

One of the reason that Wall Street Stock Crash in 1929 was because of the overproduction of both and manufacturing and agricultural goods after the war. The president did not pay heed to the needs of the farmers, thus caused a decline on agrcultural products. Many farmers were neck deep in terms of debt while some of the wealthy people had been slowly losing their stocks because there were less people working on manufacturing factories because of the decline