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What was a major cause of the collapse of Kreuger's financial empire?

  • Stock market crash

  • Overproduction

  • Government regulation

  • Corporate espionage

Answer

The stock market crash of 1929 triggered a chain reaction that led to the collapse of Kreuger's financial empire. The crash caused a loss of confidence in the financial markets, which led to a decline in the value of Kreuger's assets. This, in turn, led to a run on his banks and a collapse of his empire.
Mastermind or Mogul: The Intriguing Tale of Ivar Kreuger

Mastermind or Mogul: The Intriguing Tale of Ivar Kreuger

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