The Stock Market Crash Of 1929 Essay

1079 Words Nov 14th, 2015 5 Pages
It has been argued that the stock market crash of 1929 was the worst financial crises that the United States has ever seen. Prior to the crash during the 1920s society as a whole was experiencing some of the most prosperous times that had ever been seen throughout the history of the United States. The era definitely earned its nickname the Roaring Twenties. Throughout these well-to-do times, there was a wealth of money, optimism, and excitement. However, all good things must come to an end. It was on an eerie day Oct 24, 1929, in New York City the epicenter of the crash, where it all came crashing down. There was a feeling of suspicion that was clamoring about and panic was in the air. During this time, there were very few explanations as to why this collapse was occurring, but at the height of the event it seemed almost inevitable. Much time has passed since those terrifying days and with years of historical research there have been many lessons learned from those events. It has often been said that the best way to forge into the future is to first learn from the mistakes of our past. Many experts believe that those very lessons have since prevented the United States from going into another financial crises of that magnitude. When recognizing the economic factors that triggered the stock market crash of 1929 there are many conclusions that one could arrive at. Of the many conclusions that can be drawn, there often ends up being three root causes of the crash that have been…

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