Introduction
The United States was found on October 12, 1492, and different historical moments changed the USA into the country it is today. The period of 1920-1990 brought many revolutions and it contains many historical moments. The stock market crashed, the gold standard was terminated, and the US economy boomed after World War II. All historical events have a positive or negative impact on the United States, and these events are described subsequently. (Wallach, 2010)
Stock market crashes-1929
The stock market of the United States was crashed in a single day in 1929. Black Tuesday beat Wall Street as shareholders traded about 16 million shares on the New York Stock Exchange in one day. Thousands of investors lost billions of dollars and …show more content…
The market also collapsed due to other causes such as the proliferation of debt, low wages, excessive bank loans, and struggling agriculture sector. The major problem was that bank loans couldn’t be liquidated. Leading bankers and investment countries tried to soothe the market by purchasing up blocks of stock. However, the stock prices collapsed entirely, thousands of investors wiped out, and billions of dollars were lost. There was a considerable recovery in stock prices after the stock crash. The stock market crash affected the USA economy, banks became bankrupt, and 15 million people became jobless. It was the deepest and long-lasting downturn in the history of America. The stock market lost $30 billion in market value, which is equivalent of $396 billion today. Total loss was more than the total cost of World War I. It was a worse crash in the history of the stock market and the history of the United States. Many people sold their business and cashed in their life savings. People were finding sources so that they can their margins. People lost faith and they were not ready to invest in the market. There were many other negative consequences of the stock market crash such as
The United States was found on October 12, 1492, and different historical moments changed the USA into the country it is today. The period of 1920-1990 brought many revolutions and it contains many historical moments. The stock market crashed, the gold standard was terminated, and the US economy boomed after World War II. All historical events have a positive or negative impact on the United States, and these events are described subsequently. (Wallach, 2010)
Stock market crashes-1929
The stock market of the United States was crashed in a single day in 1929. Black Tuesday beat Wall Street as shareholders traded about 16 million shares on the New York Stock Exchange in one day. Thousands of investors lost billions of dollars and …show more content…
The market also collapsed due to other causes such as the proliferation of debt, low wages, excessive bank loans, and struggling agriculture sector. The major problem was that bank loans couldn’t be liquidated. Leading bankers and investment countries tried to soothe the market by purchasing up blocks of stock. However, the stock prices collapsed entirely, thousands of investors wiped out, and billions of dollars were lost. There was a considerable recovery in stock prices after the stock crash. The stock market crash affected the USA economy, banks became bankrupt, and 15 million people became jobless. It was the deepest and long-lasting downturn in the history of America. The stock market lost $30 billion in market value, which is equivalent of $396 billion today. Total loss was more than the total cost of World War I. It was a worse crash in the history of the stock market and the history of the United States. Many people sold their business and cashed in their life savings. People were finding sources so that they can their margins. People lost faith and they were not ready to invest in the market. There were many other negative consequences of the stock market crash such as