Research Paper On The Stock Market Crash Of 1929

The Great depression was known as the greatest economic disaster in modern history. The world during this time was crashing just like the stock market. People were starving; In Give Me Liberty, Eric Foner explains, “In Detroit, 4,000 children stood in bread lines each day seeking food.” If starving was not bad enough, most people were evicted from their homes. They were forced to live in ramshackle shantytowns, also called Hoovervilles (after President Hoover), which arose in abandoned parks and

Many consider the Great Depression a tragedy but few actually know the ways in which it actually affected the people who lived through it. One way it affected the people of the time is the hopelessness it brought. During the early 1920's many men returned from the "Great War" jaded and angry. The same effect was seen in most people during the depression. It was this hopelessness that spawned modernist literature and thought. Another way the depression affected the everyday man was the loss of homes. Many homes were foreclosed during the depression and this left many homeless. In fact the "Okies" were people left homeless after farm foreclosures. The last way the depression affected people was the broken homes it caused. The number of father's leaving their families rose dramatically during

The Great Crash also known as Stock market crash of 1929, happened in 1929 which was one of the biggest and important history of America. During this time in late October the stock market of the country crashed which lead to the beginning of great depression, and it has lasted for 10 years. Many countries got affected due to the great crash, especially all Western industrialized countries. “Black Tuesday (October 29), in which stock prices collapsed completely and 16,410,030 shares were traded on the New York Stock Exchange in a single day.” (“Stock”). After the crash, the country had tried to cope up from the loss, but it still continued to drop. “By 1932 stocks were worth only about 20 percent of their value in the summer of 1929. (“Stock”). Due to this depression, nearly half of the banks failed, businessman faced bankrupts and people have lost their

Families had to split up in search for work and many children got jobs to make extra money for their families. In 1933, when Roosevelt took office, “24.9% of the total workforce or 12,830,000 people were unemployed” according to the FDR Library. This statistic shows just how much the average American was struggling to keep themselves and their families afloat. The FDR Library also states that “drastic drops in farm commodity prices resulted in farmers losing their lands and homes due to foreclosure” and that “gangs of unemployed youth, whose families could no longer support them, rode the rails as hobos in search of work.” The previous excerpts depict America’s loss of stability because the people providing food were out of jobs and parents had to send their children away since they could not afford to care for them any further. Thankfully, President Roosevelt and his administration stepped in soon afterward to correct the

After October 29, 1929 stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Within three hours the market had lost $11 billion in values. During the 1920’s the stock market and it’s investors enjoyed a streak gains, with the overall value of the stock market increases by four times the value. From September to October, the stock market had lost more than $30 billion dollars in value, remember this was in the 1920’s. The U.S stock market crashes on Black Tuesday.The Wall Street Crash of 1929, also known as Black Tuesday October 29, the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929 ("Black Thursday"), and was the most devastating stock market crash in the U.S history, when taking into consideration the full extent and duration of its aftereffects.The crash

The Great Depression had a huge impact on society and many economic causes to go along with it. But, what mattered the most was how they got through it. Upton Sinclair once stated, “The remedy [the Great Depression] is to give the workers access to the means of production, and let them produce for themselves, not for others… the American Way.”

The Stock Market Crash occurred on October 29th, 1929. Wall Street got struck on Black Tuesday when, on the New York Stock Exchange, investors traded 16 million dollars worth of shares in one single day. Billions of dollars were cut, destroying the investments of thousands of investors. After the event of Black Tuesday, America’s industrial world spiraled downwards into the Great Depression. This was the most powerful and extended economic breakdown in the history of the Western Industrial world up till then.

The epic boom ended in a catastrophic bust. On Black Monday, October 28, 1929, the Dow (stock market index) declined by nearly 13 percent. On the following day, Black Tuesday, the market dropped nearly 12 percent. By mid-November, the Dow had lost almost half of its value. The slide continued through the summer of 1932, when the Dow closed at 41.22, its lowest value of the twentieth century, 89 percent below its peak. The Dow did not return to its pre-crash heights until November 1954. In the end, the stock market lost $30 billion in market value which would be equivalent to about $396 billion today. That is more than the total cost of World War I. The crash was the worst in U.S. history. It destroyed not only the confidence in Wall Street markets but it also undeniably led to the Great

The United States signaled a new era after the end of World War 1; an era of hopefulness when many people invested their money that was under the mattresses at home or in the bank. In the 1920s, the stock market reputation did not appear to be a risky investment, until 1929.

During the Great Depression roughly 25% of the workers were 15 years old or younger, 20% of the children were starving and didn’t have access to new clothes and other necessities and about 40% of the young adults 16-24 were either unemployed or not in school. This shows that a great majority of the youth living during this time were not able to experience a normal childhood where they went to school and came home to play with their friends, because they had to work and were not able to attend school and get a proper education. Most of the kids also went to bed starving because their families could not afford to pay for food. Living as a child during the Great Depression was incredibly challenging

The Great Depression was the perfect breeding ground for fear and chaos. The United States was drastically impacted, and no one could escape its wrath! The Great Depression not only affected the nation’s economy and way of life, but it also had a huge impression on people’s beliefs and attitudes. Life was a daily struggle, and Americans had to adapt and cope during hard times. People feared the unknown and had to be very resourceful. A landmark trial made headlines because “riding the rails” became a popular means of transportation.

During the Great Depression, things were hard for women. Many people had different opinions about what women should do. Many thought they shouldn’t work because they are taking men’s jobs and they thought that wasn’t right to the men. Many other people thought they should stay at home and just be a stay at home mom and clean the house and to make sure food is on the table when men came home from work. Women believed they should do there own thing, many women wanted to work during this time to help. The Great Depression made it hard for women because people had many different ideas on what they should do, White and African American women struggled differently, but in the end it became better for both groups.

America’s Great Depression is believed as having begun in 1929 with the Stock Market crash, and ending in 1941 with America’s entry into World War II. In order to fully comprehend the repercussions and devastating effects of the Crash of 1929, it is important to examine the factors that contributed to the catastrophic event which led to The Great Depression. The Great Depression was the worst economic slump in U.S. history, and it spread to most of the industrialized world. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920s, and the

This became the stock market crash. This day, October 24, 1929, became known as Black Tuesday. In the crash, people lost ten times as much as they put in. After all that everyone lost there trust in the economy. Many people wanted to take their money out of the bank. Banks were running out of money. Because of the cash shortage many banks got closed down.

In the late October of 1929, the United States Stock Market took an immense plummet. This plummet acted as a catalyst to the beginning of the 10 year long Great Depression. It was known as Black Tuesday, aka the Wall Street Crash of 1929. (Harold)