The Stock Market Crash

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by 5672f3a7a492c5672f3a7ad554
Last updated 6 years ago

Discipline:
Social Studies
Subject:
World History

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The Stock Market Crash

The Stock Market Crash in 1929 was the most devastating stock market crash in the history of our country. Investors lost billions of dollars. This happened because Wall Street Investors traded about 16 million shares in a single day on the New York Stock Exchange.

Before the plumete of the stock market, America was "beaming" after the war because everyone was buying cars and stocks and other consumer goods.The Stock Market Crash, also known as "Black Tuesday" is what lead America to the Great Depression from 1929 to 1939.

Bibliographyhttp://people.opposingviews.com/causes-effects-1929-stock-market-crash-1401.htmlhttp://www.history.com/topics/1929-stock-market-crash

The Stock Market Crash of 1929

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The cause of this was a large amount of people borrowing loans from banks to buy the stocks, so when they didnt have the money to pay for the stocks, more were sold. The results of the Stock Market crash was not being able to access bank accounts because the investors who borrowed money from the banks didnt have enough for all so they all lost tons of money.

This connects to today's Stock Market because many people are nervous that history could repeat itself because of the constant drops in the stock market.


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