Stock Market Crash of 1929

The stock market crash in 1929 was the most devastating crash in American history. It started on October 24, 1929, and the ring ended in July 1932. I always want to know the cause of this disaster. Before starting this report I knew the basic idea of ​​a crash. This is the period of decline, I lost huge wealth. Now I can understand the reason. The process of investigating my report is not an easy task. The easiest part is to choose my theme. I immediately thought about it when I saw "The Great Crash of 1929" in the list of topics.

In late October 1929, the stock market collapsed and erased 40% of the common stock price. When the stock market collapsed in 1929, it will not happen in one day. On the contrary, the stock market has plummeted in a few days and opened one of the most devastating times in American history. The most important event was held on Thursday, Thursday, October 24, 1929. On the same day, nearly 13 million shares were traded. This is a record high that the US J. P. Morgan and other bankers are trying to save their banking system with their money. They did not succeed. Their move resulted in a slight rise in stock prices on Saturday 26th October. However, on the weekend, many investors lost confidence in the stock and decided to sell the shares.

The events of black Thursday are usually defined as the beginning of the stock market crash from 1929 to 1932, but the series of events leading to a crash began before that day. In this article we will explore the reasons for the stock market crash in 1929. There is no consensus on the exact cause, but this article criticizes several arguments and supports a series of favorable conclusions. That is one of the main reasons that people and media important are trying to block market speculators. The second possible reason is a substantial increase in investment trusts, utility holding companies, and margin purchasing, all of which will facilitate the purchase of utility shares and raising prices. Utilities, utility holding companies and mutual funds are heavily utilized with large amounts of debt and preferred stock. These factors seem to lay the foundation for triggering events

The stock market crash in 1929 had a big impact on the life in the 1930s. Prior to 1929, the economy grew rapidly, and families purchased houses and cars in recordable amounts. Due to the stock market crash, many families lost their homes, and a quarter of the labor force lost their jobs. Most Americans are forced to adapt to changing economic conditions by changing lifestyles. Due to the deteriorating economic situation in the 1930s, many families were forced to leave the house and find a shelter where affordable. Some families even live in "Hooverville". Because he underestimated the impact of the stock market crash in 1929, these poor streets were named after President Hoover. In these areas, the temporary housing is made from scrap which can be found as a scrapped car. Families also moved to other parts of the country to find jobs