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Stock Market Crash of 1929
Everyday people around the world rely on the stock market, whether it is for personal gains now or put into 401k and retirement plans. ... uses the stock market numbers to help determine how the economy is faring. Bad things can happen when you play the stock market. The Great Crash of the stock market on Tuesday, October 29, 1929 and the events leading up to it is a prime example.
The Stocks of the 1920’s allowed you to go to a broker and buy the stock on margin/credit. ... “For example you have 100 Shares of Harley David Incorporated (HDI) stock trading at 48. ... With your stock increasing in value you are paying off what you owe on the stock. ... In 1928 the Federal Reserve talked extensively on how to stop people from buying stock on margin without causing a panic on the market (Savill). The point is no one wanted to take the blame if the market crashed because of what they did to prevent it from happening (Savill). ... It was in one week in October of 1929, there was a true panic, and many of the richest people became poor in just one day (Savill).
Approximate Word count = 989
Approximate Pages = 4
(250 words per page double spaced)
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