Imagine, within 10 minutes of your life going from riches to rags. In 1929,late october, for Charles Sturb, a California Dentist, and millions of stalk investors and brokers around the U.S this became a world shattering reality (Milner, A.2) . This tragic day is now known as: The Black Market Crash.
As we know everything that goes up, eventually comes down. So to understand the Stalk market crash you must also understand the “Roaring Twenties”. The Roaring Twenties was the years following world war I filled with wealth and success. High with optimism and Joy, Every American was living the dream. Well, not every one. As The Cities were thriving, the farm lands were diminishing. This is said to be one of the many leading causes to the Black market Crash. Amongst other leading causes such as the low wages leading to an inflation of bank loans that could never be liquidated. Essentially, all these little precursors lead to declining production and rising unemployment. When stalks began to lower, panic set in. Everyone who was already struggling from over spending in the there “Roaring Twenties” began to trade there stalks like wild fire. …show more content…
Although this was nothing compared to the real crash on October 29th. 16,410,030 shares were traded on the New York Stock Exchange in a single day. The machines could keep up with overwhelming trading and things began to go south. Now, Imagine yourself coming of the american dream and watching your maybe billions of dollars vanish within minutes. Americans were at the very least,
As we know everything that goes up, eventually comes down. So to understand the Stalk market crash you must also understand the “Roaring Twenties”. The Roaring Twenties was the years following world war I filled with wealth and success. High with optimism and Joy, Every American was living the dream. Well, not every one. As The Cities were thriving, the farm lands were diminishing. This is said to be one of the many leading causes to the Black market Crash. Amongst other leading causes such as the low wages leading to an inflation of bank loans that could never be liquidated. Essentially, all these little precursors lead to declining production and rising unemployment. When stalks began to lower, panic set in. Everyone who was already struggling from over spending in the there “Roaring Twenties” began to trade there stalks like wild fire. …show more content…
Although this was nothing compared to the real crash on October 29th. 16,410,030 shares were traded on the New York Stock Exchange in a single day. The machines could keep up with overwhelming trading and things began to go south. Now, Imagine yourself coming of the american dream and watching your maybe billions of dollars vanish within minutes. Americans were at the very least,