`` Thou Shalt Never Surprise? ``

This only deteriorated as businesses would suffer financially and unemployment was at an all the time high. Although President Franklin D. Roosevelt came up with tactics and strategies to lessen the effects of the damage done, the economy wouldn’t fully overcome until after 1939 as World War II shifted America. For a little over a decade, businesses would go through financial turmoil and people would have to find other ways to bring in revenue. During the late summer of the 1929, the American economy entered into a recession. According to the Merriam-Webster Dictionary, a recession is defined as a period of reduced economic activity. Investors had traded some 16 million shares on the New York Stock Exchange in a single day. That day in history was formally known as “Black Tuesday”. Those same shares had ended up being worthless with no monetary value. The investors who bought them with borrowed money, suffered an excessive lost. Consumer reliability was gone as spending was nonexistent which resulted in factories being closed down. The lack of consumerism also impacted those who had invested in mass production. The consumers who still felt a need to spend, were forced to use credit cards and evidently fell into major debt; foreclosures on homes and repossessions climbed rapidly as people tried their best to live again and have that

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 reactions from the people during the crash was somewhat the same as the events from the Bible. In Deuteronomy 31:8 stated “The Lord himself goes before you and will be with you: he will never leave you nor forsake you, do not be afraid; do not be discourage.” (“Bible Gateway”). When Moses said this to Joshua, he tried to encourage Joshua when he had to go with the people of Israel, that he will be there, always trust him and do not be afraid. When the stock market crashed, people were panicking and didn’t know what to do (Stock). Another verse that relates to the event is John 16:33, “I have told you these things, so that in me you may have peace. In this world you will have trouble, But take heart! I have overcome the world.” This verse

These many reasons were the stock market crash, bank failures, unemployment, economic policy, and drought conditions. On October 24, 1929, the stock market dramatically decreased at the opening of the bell. “At first, economists and leaders thought this was a mild bump, perhaps merely a correction of the market, or in any case, no worse than the recession the nation suffered after World War I.” However, on October 27, 1929, also known as Black Tuesday, the market crashed and many Americans lost billions of investment. Therefore, many investors halt any money flow.

After Black Tuesday, people who entrusted their money to the bank, began to grow anxious and demand their money from the bank. A wave of “bank runs,” when large numbers of people withdrew their deposits in cash, were starting to occur (“Bank Runs”). Since the stock market crashed, it was inevitable that people would start rushing to the banks to demand their money. These people acted out of fear and were petrified of how the stock market crash would affect the economy as a whole. When the people arrived at the banks they were devastated because their money was not there for them to collect due to the bank being backed by the stock market.

Indeed, the stock market crash triggered this event, however the vastly poor distribution of wealth, the wages of industrial workers, and the profitless work of farmers all added up to this downfall. In addition, high tariffs set by the U.S. made it difficult for foreign nations to sell goods to them and to buy goods in return. And to make things better, banks were failing and in result wiping out life savings of hundreds of people. The last straw was drawn when the stock market hesitated and investors began to sell their stocks for fear of what could happen. Brokers jammed the stocks as they attempted to unload shares. This grave dip became a panic that would be known as black Thursday. The following Tuesday all stocks had lost six-sevenths of their value, and it would be appropriately called black Tuesday. With thousands of people’s life savings gone overnight, the economy suffered immensely. Due to the lack of money people began to stop buying goods. To make up for the lack of revenue, businesses laid off countless workers to decrease the price of their outputs. This only furthered the issue into a never ending cycle. People now without jobs could not afford goods, and businesses continued to lay off its workers to stay profitable. Millions of Americans lived in poverty at this time, many unable to buy the

-On “Black Tuesday” many people who had invested in the stock market lost everything in the crash. The Stock Market crash was perhaps the single most dramatic event

On September 11, 2001 (9/11) four planes were hijacked and three out of four crashed into buildings, killing more than 3,000 people. Economically the immediate consequences of 9/11 were a massive drop in the stock market, crippling losses in the airline and other transportation sectors, and widespread uncertainty. The Bush administration and Congress responded with a law that bailed out the airlines, and the economic issues temporarily receded politically.

The crash of the Stock Market (On Black Tuesday there was a crash of the Stock Market. Two months later stockholders lost $40 billion dollars and even though some was recovered it was not enough)

In order to deliver bad news, you must first understand that it never gets easier. Many managers, bankers, and cooperate leaders have to deliver bad news daily while remembering to maintain credibility in the long run. When running a company, the owner must show constant credibility towards the employees in order to have a consistent line of product.

Both the Dow and S&P 500 fell beneath their 50-day moving midpoints surprisingly since April 21. Bank stocks, which outflanked in the post-election rally, were the most exceedingly terrible hit.

Economists say that the day that the market actually peaked was on September 3, 1929. On this day the Dow was up 27% from the year before, but this high did not last long. Over the course of a few weeks the prices fell and did not slow down. On October 23, 1929, also known as Black Thursday, within the last hour of trading the stock prices “suddenly plummeted” (Suddath). By the time the market closed at 3 p.m. “people [investors] were shaken” (Suddath), they didn’t know what happened. Throughout the rest of the day “fear and panic set in”, and upon opening the next morning prices began to plunge downward. Over thirteen million shares changed hands that day which caused the ticker tape to run until four hours after closing. The next day, Friday, October 25, there was a meeting held by some of the nation’s largest bankers to decide what they could do to help the situation. They all decided to purchase shares of U.S. Steel above market price. Tactics like this had worked in previous stock market scares but this time they were unsuccessful. However, this move did

Tons of people saw the stocks falling, literally. People were trying to hurry and get rid of their stocks they bought to try and save some of their money. When more and more people were getting rid of their stocks it just made the situation worst. J.P. Morgan tried to save the economy by putting billions of dollars in certain banks.

The airline industry has seen drastic changes since September 11, 2001. The government ordered a complete shutdown for three days of not only all commercial aircraft but such carriers as domestic flights and emergency aircraft. For days after September 11th, all aircraft stayed on the ground. Even military aircraft had to receive special clearance to fly. In a ripple effect, the entire economy of the United States and the world was put on hold. The New York Stock Exchange shut its doors because of the attacks on the towers of the World Trade Center.

Risk related to events even before the War on Terror began, the Sept. 11, attacks dealt a harsh blow to America financial standing (DePietro, 2017).sintressing the future role in which finance leadership is evolving. Equally alarming this crisis that influences an organization's decision-making, based on significant external and uncontrollable factors. Some of these aspects that remained obtainable in this discussed involve the economic factors, legal, political, and social conditions technological changes. The change of Interest rates in