The Market Crash of 1929

The market collapsed in Wall Street in 1929, the US stock market crashed in 1929. In 1927, after focusing on overseas investment and the growing US economy, financial institutions in Wall Street in New York began to focus on their domestic market. When they buy the stock market, the price of the securities rises. As their purchases increase and prices become higher and higher, ordinary investors are caused by obvious enthusiasm.

The stock market crash in 1929 was overbought, overrated, and overly bullish market. It will rise even if the economic situation does not support progress. The crash began when the market fell 11% on October 24, 1929. Financial institutions and financial institutions that received a bid exceeding the market price intervened in order to suppress panic, the loss on that day was mild, and the stock price recovered in the next two days. But this rebound was fantastic as the loss worsened due to the margin call and fell by 13%, like Monday the following week, known as Black Monday. The next day (Black Tuesday), the bid disappeared completely, and the market further declined by 12%. From there, the market tends to go low until it fell to bottom in 1932.

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 declined to trust the stock and decided to sell the shares.

The stock market crash in 1929, also known as "Great Crush", fell sharply in 1929, leading to the Great Depression of the 1930s. The Great Depression lasted about 10 years and influenced industrialized industrialized countries and industrialized industrialized countries in many parts of the world. From the mid-1920s to the latter half, the US stock market expanded rapidly. Stock price continued to rise during the first six months since Herbert Hoover 's appointment in January 1929. In "Hooverbury Market", stock prices soared, masses ranging from banks and industry giants to drivers and chefs gathered at brokers to invest in saving surplus and securities and sell profits It was. Billions of dollars will enter Wall Street from the bank and get a broker loan to make a margin account. South Sea Bubbles and Mississippi Bubble Glasses came back