The Stock Market Crash Of 1929 Essays

1206 Words Jan 7th, 2016 5 Pages
The Stock Market was one of the top producers of the time period during the 1920s. The Market held many shares which were worth well over a million dollars apiece. In the spring of 1929 it started falling slowly up until the fall. In the fall of 1929 the Stock Market hit its all time low with a major crash. There were many causes and effects of the Stock Market Crash of 1929, but the aftermath known as Black Tuesday stunned the Wall Street investors which led to the Great Depression in the 1930s. The Stock Market was the top dog of the income factor for the United States in the 1920s. It started falling in the late spring and early summer of 1929. Banks started loaning out too much money and were not getting their money back from the loans that they were putting out. People had to pay between 10-20% for them to get around 80-90% of the money that they needed. Where the citizens of the US were drawing out too much money the banks couldn’t fund the Stock Market when it started falling which led to the downfall later in the year. The Stock Market was so large at one time that it had stocks at unprecedented heights in the early and mid 1920s (Richardson). Then on the day the Stock Market crashed and Stock Brokers had traded 16,410,030 stocks away (“Stocks Collapse…”). On October 4th, stocks had coasted to what 1st class personnel people would be paying for them. People were seeing that the Stock Market was a quick cash business before it plummeted, so everybody was investing…

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