The Stock Market Crash of 1929

After the end of the First World War, America has reached a new era. This is the time of hope when many people put money into the stock market from home or bank mattresses. People want to find a better life and move to a prosperous city. In the 1920s, the stock market reputation seems not to be a venture capital until 1929. The first shock in 1925 was that as more people invested, stock prices started to rise. Stock prices fell from 1925 to 1926, but it was on an upward trend in 1927.

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

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.