Simplify the following text for a Grade 8 native English-speaking person.
Original: Following difficulties partly due to the 1929 stock market crash , it was decided to build a racing circuit instead , construction started in 1938 and the track was inaugurated in May 1940 .
Simplified: Following financial difficulties , partly due to the 1929 stock market crash , it was decided to built a racing circuit instead . Construction started in 1938 and the track was opened in May 1940 .