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The great depression... srsly who in America, tats above 13 years old, doesn't know this fact. Pay some attention to your history class otherwise the next thing u'll be asking is if Hitler is still alive...
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How did black Tuesday cause the great depression?
Cause of Black TuesdayThere was over speculation in the Stock Market, which was not regulated, during the 1920s..Many Americans purchased stock on credit. This was known as margin buying. Politicians did not understand the problems facing the economy so they took no action to regulate the purchase and sale of stocks. As people continued to purchase stock, the value of the shares bore little relationship to the actual health of the industry issuing the stock or the over-all health of the American economy. On September 3, 1929, the average price of shares on the New York Stock exchange peaked and then dipped sharply. For a month, prices spurted up and down, mostly down. Then on "Black Thursday," October 24, a record 13 million shares changed hands and values collapsed. The following "Black Tuesday,", October 29, the drop of shares was worse. 16 million shares of stock were dumped on the market (put up for sale). But there were no buyers. The Stock Market collapsed.
What is a resulting condition of the stock market crash?
The Stock Market Crash of 1929 did not cause the Great Depression but was the result of the weaknesses in the economy that had been growing all during the decade of the 20s and the mania for speculation on the Stock Market. Middle class families lost their savings. Bankers and other companies that speculated on the Market went broke. The closing of banks had an impact on the people who had placed their savings in the banks and lost just about everything. Corporations and businesses shut down causing more unemployment. People who had taken out mortgages during the 20s now found themselves unable to make the payments. Houses were forclosed upon. Everyone had to cut consumption which further weakened the economy, as business and industry found themselves stuck with inventory no one could afford to buy. Jobs were scarce and many men simply turned to begging or "rode the rails" looking for work. Unemployment continued to soar during the 1930s.
Why did the roaring 20s happen?
In the beginning of the twenties America's money was doing great and America went on a huge spending splurge because of it and then invested in a bunch of stocks and the stock marketcrashed so the economy went downhill fast and that caused the Stock Market Crash of 1929 and lead up to the Great Depression in the 1930s
What was the major reason for the stock market crash?
There was over speculation in the Stock Market, which was not regulated. Many Americans purchased stock on credit. This was known as margin buying. Banks were permitted to speculate in land and the stock market with little government regulations. There was little, if any, government regulation of the stock market. Any company could claim their stock was worth so much and there was no way to check the validity of the worth of the stock.
How many plains crash into the twin towers?
2 seriosuly how do you not now this!
What is the status of the stock market now?
sguire market
Why did the market crash during the Great Depression?
Because banks were taking the money from its investors and investing it in stocks, when people stopped buying stock the stock market crashed there fore people had lost all of there money. this is illegal now but it was a problem because no one was regulating the banks.
Can the stock market crash?
Actually, the stock marketcrash did not provoke the financial crisis. The stock market crash was caused by the financial crisis. Due to the bad economic situation, the liquidity in the markets was severely affected. People were running short of cash badly. Hence they started liquidating their stock holdings to raise cash and when millions of people started selling their stocks, panic struck and the stock market crashed.
Where did the stock market start?
There now. Answered!
Why is food prices so much higher than the 1933?
Basiclly, items are much more expensive now than in 1933 because of the recession.
where is market going to be 3-6 mos from now?
where is the stock market going to be 3-6 mos from today?
Who did the Stock Market Crash?
Somebody made a mistake and added a few extra zero,s to a short trade. All this crashing down of the market started with one single trade, a big trade yes but it whas triggered by just one. This coused stoplosses to get triggered and ended up in a flash crash. Now their are shockbreakers installed so this cant happen again.
Will the bullion prices crash in the near future?
It depends on what is meant by "crash?" Take platinum, for instance. If you look at the price of platinum a couple of months back, it was $2500 at spot. Now, it's a little under $900, which is around a 60% drop. If that's not a crash, I don't know what is. Keep in mind, though, that the the movement of the stock market has a dramatic impact on precious metals prices. Spot prices are low, but premiums are high. This has created extraordinary profit opportunities in the precious metals market. For this reason, now is actually a terrific time to buy precious metals.
How did the stock market crash?
A stock market crash is a sudden dramatic loss of value of shares of stock in corporations. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles such as the dot-com boom.The most famous crash, the Stock Market Crash of 1929, started on October 24, 1929 (known as Black Thursday), when the Dow Jones Industrial Average dropped 50%. This event preceded the Great Depression. The succeeding years saw the Dow Jones drop a total of over 85%. Richard Armour, in his satirical American history book It All Started With Columbus, remarked that the 1929 crash occurred "near the corner of Dun and Bradstreet".There was also a crash or "adjustment" on Monday October 19, 1987, known in financial circles as Black Monday, when the Dow Jones lost 22% of its value in one day, bringing to an end a five-year bull run. The FTSE 100 Index lost 10.8% on that Monday and a further 12.2% the following day. The pattern was repeated across the world.The stock market downturn of 2002 was part of a larger bear market and a Dot-com stock market bubble as well as Enron corruption that took the NASDAQ 75% from its highs and broader indices down 30%.Stock Market CrashDuring the 1920s, people invested in the Stock Market, hoping to make a profit on their investments. At the time, there was no supervision or government regulation of the Stock Market. By the end of the decade, prices of shares on the market reflected nothing more than the willingness of investors to pay those prices. Everyone expected the market to continue to rise. However, economic problems had already developed that would lead to the crash of the market. People invested in companies that were not economically sound. Businesses that appeared healthy had large inventories and could not sell enough of their products to justify the price of the stock on the market. Stock brokers gave loans, called margin buying, to people to invest in the stock market. When the brokers began to demand those margin payments, the investors did not have the money. There was over speculation by just about all the investors. At the time, even banks were permitted to invest customer's savings in the stock market. The market began to rise and fall in the fall of 1929. On October 24, known as Black Thursday, a record 13 million shares changed hands and the value of the stocks collapsed. On Tuesday, October 29, panic had set in and speculators dumped over 16 million shares on the market. But, there were no buyers for those shares. The "crash" on Tuesday created a paper loss of $30 Billion. AnswerThe actual stock market crash happened on what they call "Black Thursday" in 1929 (although there had been other critical and equally black days before that particular Thursday). At the time the stock market had absolutely no political oversight by any government department like we now have with the Securities and Exchange Commission (SEC), and stock manipulation by the big players was rampant and often ill-concealed. Small (and I mean the "ordinary working folk" started to believe that they too could buy stock, ride the coattails of the big financiers, and cash out before a stock bust. You have to remember that this was at the end of a decade of the most rampant and conspicuous prosperity and consumerism; it was (although nobody new it at the time) the end of The Jazz Age and nobody thought the good times could, should, or ever would, come to an end. The small-time players' problems started because they were allowed to buy stock with just 10 percent down; what is called buying on a margin. But, when a stock inevitably tanks as the big manipulators feel they have driven a stock as high as they can, the little guys have to come up with money or they lose the stock. And the money they put in. Some of the BIG players lost money, of course, but comparatively few of them were wiped out as the small players were. Mostly this was because they were all in on the insider dealing, and the stock the little fish was buying was stock that had been dumped by the big players who were, by now, manipulating another stock to the stratosphere. A few of them did bust of course, and a few of them took there own lives although precious few of them actually rained down from upper-floor windows as is popularly believed. That's the short answer to WHAT. The WHY is much more complex, and you'd be hard pressed to find an economist who could tell you exactly why. A good, short and easy to read paperback (considering the subject is economics) to get hold of from Ebay or Amazon or anywhere else is from the great Harvard economist John Kenneth Galbraith: "The Great Crash of 1929" published by Avon Books. Even Galbraith cannot point to a specific single reason for the crash, but there was plenty of blame to go around.
How did black Tuesday cause the great depression?
Cause of Black TuesdayThere was over speculation in the Stock Market, which was not regulated, during the 1920s..Many Americans purchased stock on credit. This was known as margin buying. Politicians did not understand the problems facing the economy so they took no action to regulate the purchase and sale of stocks. As people continued to purchase stock, the value of the shares bore little relationship to the actual health of the industry issuing the stock or the over-all health of the American economy. On September 3, 1929, the average price of shares on the New York Stock exchange peaked and then dipped sharply. For a month, prices spurted up and down, mostly down. Then on "Black Thursday," October 24, a record 13 million shares changed hands and values collapsed. The following "Black Tuesday,", October 29, the drop of shares was worse. 16 million shares of stock were dumped on the market (put up for sale). But there were no buyers. The Stock Market collapsed.
When were market tickers first used?
Stock market tickers, which show the current prices of stocks, are now often seen on internet sites and at the bottom of the tv during news programs. The first stock market tickers were used in 1867.
What happened in the 1929 stock market crash?
World wide depression:High unemployment in industrial countriesBank failures and collapse of creditCollapse of prices in world tradeNazi Party's growing importance in Germany; Nazi Party's blame of European Jews for economic collapse ( cause most Jews were bankers)
