If you are citizen of an European Union member nation, you may not use this service unless you are at least 16 years old.
You already know Dokkio is an AI-powered assistant to organize & manage your digital files & messages. Very soon, Dokkio will support Outlook as well as One Drive. Check it out today!
It was the most devastating stock market crash in the history of the whole United States of America. It was considered a fallout because it took twelve years to over come this bad depression. The crash signaled a twelve year depression that would affect the western industrialized countries. The stock market crashed on Tuesday, October the 24th and occured over a period of five days. This day is now known as ''Black Tuesday''. On this day the Dow jones industrial average hits a new high of 381.2. The stock market crash ushered in the great depression.
The crash effected the investors buying borrowed money from stock brokers. In which case those brokers went to the banks for that money. Then the stocks failed and when the investors needed a default, all the money was lost.
The crash slowed down the economy and items that we usually buy for our home, car, and entertainment went down in production.
The crash sent the rich to the streets and unemployment increased (Bierman).
Who was affected by the stock market crash of 1929?
The crash affected the investors buying borrowed money from stock brokers. In which case those brokers went to the banks for that money. Then the stocks failed and when the investors needed a default, all the money was lost. Some more people that were affected were the rich people who went from all that or glamour to poor and nobody. The crash slowed down the economy and items that we usually buy for our home, car, and entertainment went down in production. The crash sent the rich to the streets and unemployment increased.
Who caused the stock market crash of 1929?
The stock market crash was caused by the people because they kept borrowing money and never paid back the loans or the money they borrowed. Also people kept on spending money which also had a big effect of the stock market crash. The crash happened over a period of five days.
What caused the stock market crash of 1929?
The stock market crashed because taxes weren't being paid. So back on October 24, 1929 or "Black Tuesday" about 16 million people shares were traded. The dow have officially lost its most points in American history; it lost 30 points in one day and also lost an additional 12% in this span. The volume of the stocks hit a record low and had not been broken in 40 years. So that proves how bad the stock market crash was.
Essential question #2
Q: Why is the topic significant or important to understanding the Great Depression?
A: The stock market crashed was important because it caused America to suffer for 12 years. During this span America was barely make it with the money issues. They were so far in debt that they barely could feed their family.
Who cares about the stock Market Crash of 1929?
Everybody cared about the stock market crash. Why? Well it's because everyone was effected by the stock market crash. It was the beginning of the Great Depression. and everyone lost money because of the crash. So that means the that your rich snotty neighbors would be reduced down to hobos looking for spare change so that they could eat. Hundreds of investors lost very important companies and tons of money. That is why everyone who is anyone cares about the Stock Market Crash of 1929.
Other Information:
Some other informaton about the stock market crash is during ths span of long hard work. People were losing everything including money, clothing, homes, and a shortage of food. So many people past away from dieases, starvation, theft and murder. Before anything popped up from the great depession life was good with no worries of the stock market crashing like it did.
Work cited:
1.''The Great Stock Market Crash of 1929,'' Dellinger-tkam.wikispaces.com, n/p, n/d, Web, Oct. 4, 2011
2.‘’What Caused the Wall Street Crash of 1929?,’’ Economicshelp.org, n/p, n/d, Web, Oct. 4, 2011,
Comments (0)
You don't have permission to comment on this page.