The Crash on Wall Street, 1929
The Stock Market Crash of 1929 was probably, if not, the breaking point and the final strike that caused the Great Depression. At the time of the crash, Wall Street was experiencing an all time high in stock market prices. The stocks were considered to be "over-valued" and caused investors to become more and more confident. The Stock Market was the most important feature of the American economy. It is estimated that 1.5 million of 120 Americans were investors of the stock market. But due to low wages and a growing unemployment rate, stock values started to decline. On October 29, 1929, the stock market had completely collapsed and approximately 16.5 stocks were traded in the New York Stock Exchange. In a single day, billions of dollars were lost, investors lost everything (stocks and money), and the whole system crashed because the machinery couldn't take all the trading being done. However, the days and weeks following the crash, the stock market tried to make a comeback, but the stock prices shot up so that there could be a chance of recovery. The Stock Market Crash has been considered the main reason for the Great Depression but, should only be seen as one of the several reasons that America went into a depression.
Stock Market Videos
1929 Stock Market Crash- History Channel
http://www.history.com/topics/great-depression/videos/1929-stock-market-crash
1929 : The Great Crash.
http://www.youtube.com/watch?v=XETBmR2_iNg
Stock Market Crash of 1929 - Background
https://www.awesomestories.com/asset/view/Stock-Market-Crash-of-1929-Background
The Stock Market Crash of 1929 was probably, if not, the breaking point and the final strike that caused the Great Depression. At the time of the crash, Wall Street was experiencing an all time high in stock market prices. The stocks were considered to be "over-valued" and caused investors to become more and more confident. The Stock Market was the most important feature of the American economy. It is estimated that 1.5 million of 120 Americans were investors of the stock market. But due to low wages and a growing unemployment rate, stock values started to decline. On October 29, 1929, the stock market had completely collapsed and approximately 16.5 stocks were traded in the New York Stock Exchange. In a single day, billions of dollars were lost, investors lost everything (stocks and money), and the whole system crashed because the machinery couldn't take all the trading being done. However, the days and weeks following the crash, the stock market tried to make a comeback, but the stock prices shot up so that there could be a chance of recovery. The Stock Market Crash has been considered the main reason for the Great Depression but, should only be seen as one of the several reasons that America went into a depression.
Stock Market Videos
1929 Stock Market Crash- History Channel
http://www.history.com/topics/great-depression/videos/1929-stock-market-crash
1929 : The Great Crash.
http://www.youtube.com/watch?v=XETBmR2_iNg
Stock Market Crash of 1929 - Background
https://www.awesomestories.com/asset/view/Stock-Market-Crash-of-1929-Background