Black Thursday - Capital Spending Risks

Capital increase on Thursday's surplus - Risk of capital investment October is the devil, goblin, and month of financial risk. Many of the most serious stock market crashes continued this month, and was designated on Black Thursday on October 24, 1929. In 1929, most Americans did not speculate on the stock market but deposited them in the bank. Companies aiming for capital increase and already wealthy customers are the main investors of this era. "If you earn 1000 dollars on September 30, 1929, you will lose 108.14 dollars, or 89.2%, on July 8, 1932.

Thursday, October 24, 1929 was a day called "Black Thursday" later. "Black Thursday" is the day of a small crash at the New York Stock Exchange. However, "Black Thursday" will not be decisive when compared with the situation waiting for the US and its economy next Tuesday. The United States is about to enter the darkest day of the Great Depression. Senna Peterson My grandmother was an 18 - year - old young woman living in a corn farm of my father in Iowa. Keep away from the economic problems of New York and Wall Street. Nevertheless, the recession and price decline of her agricultural products will soon influence her. For Americans, recession will be a difficult time.

Black Thursday and Tuesday are considered the most horrible days in Wall Street on October 24 and 29. Black Thursday is a little different as there are no buyers. There was a group of people outside the exchange, and the police had to stop the crowd. The market lows were 299.5 on October 24. Black Tuesday is the most devastating day in stock market history. More money has run out and life is starting to get depressed. The stock market crash affected many investors. As they lost so much money, many people robbed their lives. Vice president of Earl Radio Corporation jumped out of the 11th floor of Shelton Hotel in Manhattan. Some people shoot themselves and make a living as Jim Riodan (president of County Trust) who just shot himself at his home in downtown Manhattan. So many people can not confront a lover. "Today's fear, the most serious impact is the reason for that movement" (Clinghaman, 335)

But Black Thursday is not the worst. Dow closed at 299.47 on Thursday. On October 28, known as Black Monday, it fell 13% to 260.64. In addition panic, the next day - the black Tuesday - the market has further declined. Following the turmoil of the New York Stock Exchange, there was no direct urge to panic to stop investors from selling their shares. The big economic problem at the time was a problem that still has a big influence on today's US, that is, income inequality. According to Emmanuel Baez, a professor at the University of California at Berkeley since 1928, the top 1% of American income in 2012 is the highest percentage of national income. In 1928, the top 1% of the population made up 19.6% of the national income.