The Stock Market Crash Of 1929 Essay

1134 Words Apr 29th, 2016 5 Pages
The Stock Market Crash of 1929 that triggered the Great Depression in Canada has forever changed the country. During the 1920 's, the Canadian and the United States stock market was evaluated by the potential growth of companies and people were “invest hungry” and hardly looked at the assets because they thought that it would rise no matter what and that it was a no risk, high profit investment. It was predicted on October 24, 1929 (Black Thursday) that the market had reached an all time high and that the"bull" stock market was so high that it would be hard for it to continue rising at the same rate. Unfortunately on October 29, 1929 (Black Tuesday) the North American stock market was crashing and in a panic everyone started to sell their stocks driving the prices into the dirt causing the crash to happen faster and faster. Black Tuesday changed everything, businesses were shut down, banks went bankrupt, lots of people had no money because the “money” in their bank accounts were no more than numbers on paper now, thus creating “The Great Depression”.

Black Tuesday forever changed many aspects in the market and its future. There was a lack of investors actually investing due to the unstableness of it at the time, and nobody wanted a job that had anything to do with investing because it was frowned upon. During the ‘30 's the stock market had one of its darkest and loneliest periods, the average investors were just recuperating some of their funds lost and did not want to…

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