Black Friday: The Day After Thanksgiving

The stock market crash, October 29, 1929 this is also known as Black Tuesday. The Great Depression was an economic slump in North America and Europe. The industrialized Western world had experienced the most ruthless and prolonged depression. Cinderella Man is only one example of how families struggle and overcame the great depression. You will see how this effective many Americans.

The Black Friday scandal also has another name it goes by people sometimes call it " Deadly Friday. " Two men tried to control the gold market of New York's gold exchange, these men were James Fisk and Jay Gould.The Black Friday scandal had another name as well it also went by the name of " Fisk-Gould Scandal. " The U.S. Government during the civil war gave out greenback which were backed out by nothing but credit. After the civil war most people believed that they could buy back the greenbacks with gold. Fisk and Gould tried to profit from this by cornering the gold market. They hired Abel Corbin Ulysses S. Grant's brother-in-law, and they hired him to get closer to Ulysses S. Grant to argue against him when the government discussed

Jim Fisk and Jay Gould devised a plot to drastically raise the price of the gold market in 1869. On "Black Friday," September 24, 1869, the two bought a large amount of gold, planning to sell it for a profit. In order to lower the high price of gold, the Treasury was forced to sell gold from its reserves.

Imagine being in charge of a nation that has so little money families are splitting up in search of work and many are losing their jobs and becoming homeless. This was the situation President Franklin Delano Roosevelt was facing at the beginning of the 1930s. He and his administration had to come up with a plan to end the depression and rebuild the economy before the fragile country crumbled even more. While some of their responses to the American Great Depression were more effective than others, they all impacted the nation in a positive way and changed the role of the federal government for the better.

After the crash, many business failed, banks closed, and because of that, lots of workers were out of job. Homes and farms had been lost to foreclosure. In 1933, the government finally decided to do something, congress passed the Securities Act of 1933, which required companies that sold stocks and other securities to communicate important information to consumers and set up systems to prevent fraud. The law was strengthened in 1934 when congress created the Securities and Exchange commission (“Black Tuesday”). Herbert Hoover, the president of US during this event, thought the stock market would get better within 60 days (Stock). The crash also helped lead to the onset of the Great Depression by undermining confidence in the economy, but it

Grammar Result: Prior to The Great Depression, the United States was booming. Life was good for many. Companies were expanding nationwide, people were striking rich, and the stock markets were rising. Soon, the United States became the country where everyone wanted to be. Many immigrants were immigrating to the United States for opportunities.

Document two explains what happened when the banks went out of business. Black Tuesday was in October 29, 1929 and it was the day that the stock market crashed most deeply. This hinted to the start of the Great Depression. The stock market crashed because people did not have enough money to pay back the people who they borrowed money from. Due to this process the market started to fall. With prices falling, brokers asked investors to pay back what they owed. Investors then sold their stock to repay their loans. A panic quickly set in. Between October 24 and October 29, desperate people tried to unload millions of shares. As a result, stock prices dropped even further. Banks were also running out of

Many believed that Black tuesday began the Great Depression, on October 29, 1929 a group on panicked sellers traded nearly 16 million shares on the New York Stock Exchange causing the Dow Jones Industrial Average to fall. Others believe it was the stock market crash in 1929, or that Black tuesday was just the begining triggering the stock market to crash causing the Great Depression. As soon as president Franklin D. Roosevelt came into office he began searching for ways to better American life as quickly as possible. He proposed a series of programs through The New Deal, these programs created jobs for many unemployed men, while others offered aid, created the FDA so people know whats in the products they're purchasing, and banking acts to

Black Friday is the following Thanksgiving Day in the United States, traditionally the beginning of the Christmas shopping season. Black Friday is not an official holiday, but many workers have the day off as part of the Thanksgiving holiday, this increases the number of potential shoppers. Retailers often decorate for the Christmas and holiday season weeks beforehand. Many retailers open extremely early, with most of the retailers typically opening at 5 A.M. or even earlier. Retailers use Black Friday to kick off the holiday season to use much of their products to go from the red to the black.

The 20th century was a time of enormous changes in American life. The history of the United States from 1918 through 1945 was World War I era, the Great Depression, and World War II.

The Wall Street crash ( know as Black Tuesday ) was a massive stock market crash that occurred in October of 1929. This crash cause widespread economic disaster that spread

Thanksgiving traditions don't end on Thanksgiving Day. In the 1950s, the day after Thanksgiving was called Black Friday by factory managers because so many workers called in sick and the Philadelphia Police Department took to calling the day Black Friday to describe the traffic jams, crowds and shoplifters during the start of the holiday shopping season. Black Friday signals the start of the holiday shopping season, but it may be a tradition that's continuing to evolve as stores vie to be the earliest to open Thanksgiving Day.

It was during the 1920’s that the U.S stock market expanded rapidly until it reached its peak in August 1929. By that time, unemployment had risen and production had already declined. This left stocks in great excess of their real value. Other causes that led to the stock market crash was the rapid increase of debt, low wages, an agricultural sector that was struggling, and a large amount of bank loans that could not be liquidated or paid off. In September and early October 1929, stock prices began to drop. The fall began on October 18 and on October 24, otherwise known as Black Thursday, 12,894,650 shares were traded. Bankers and investors tried to get the market to stabilize by buying a great amount of stocks, which produced a rally on Friday, October 25. On October 29, which was also known as Black Tuesday the stocks dropped completely and billions of dollars were lost. This caused thousands of investors to be wiped

The day was October 29, 1929. It was referred as “Black Tuesday”. Everything seemed like a normal day. Parents sent their kids to school and adults went off to work. Some in particular, were working in the stock market. The stock market is a place where people buy stocks in order to earn profits. The stocks range up and down. In October, the stocks on the New York Stock Exchange were increasingly falling. Hence, on Tuesday, the stock finally crashed. That day wreaked devastation, as billions of dollars were lost as many people lost their life savings and fortunes.

People may get caught up in the excitement of the day, and that can help them to spend even more money. While waiting in line, customers at the front of the line seem to be excited and happy. However, at the end of the line, customers appear to be more frustrated and anxious. Some consumers plan their Black Friday shopping trips weeks in advance. There are many websites available for people to view Black Friday advertisements online, before they are supposed to be released to the public. Walmart has tried year after year for the advertisements not to be leaked, but they usually end up on these websites before they are supposed to (4 Years Strong: Walmart Sends Another Cease & Desist, 2011). Stores may not want to have their advertisements released early for a couple of reasons. First, consumers having the ability to research products and having too much time to explore all of their options may mean that consumers will not make as many spontaneous purchases on Black Friday. They also do not want to have their competition see their deals, and then have them beat their prices. Having the advertisements earlier though means consumers are able to plan what stores they want to go to, which may lead to less chaos on the actual day. People are motivated by saving money on Black Friday. Some consumers may even see it as a competition. For some, because there is only a limited selection available for many of the items that are