Investing and Financial Markets
Why did the stock market crash on October 29 1928?
Because the investors believed that the stocks were going to go down so they sold all of their stocks and it went down 9%. Then it continued for a period of 5 days. =) <33
Actually, it didn't. The crash came a year later 10/29/1929.
Asked in Law & Legal Issues
Who came into presidency as the country fell into depression?
Technically, it would be Herbert Hoover, who was elected President in 1928 and was inaugurated in 1929. The stock market had its wild swings through the fall of 1929, culminating in a drastic crash in September, a recovery in early October, then a crash with no end at the end of October 1929. Franklin D. Roosevelt was elected President in 1932, arguably one of the worst years of the Depression, but still a Depression that already happened.
What did you learn from the stock market crash?
The stock market crash actually taught a valuable lesson to all investors. The lesson is that, don't keep all your eggs in the same basket. Because of the great bull run in the days before the crash, people were so confident of the stock market that they felt it would never crash. So people invested even their retirement corpus and other money into the stock market. Unfortunately when it crashed, the whole economy burned. So the lesson is, keep your investments in different asset classes and have exposure to debt and other fixed income instruments too. Different lessons could be learned from the different crashes that have occurred. From the 1928 crash, one of the lessons was not to use too much leverage in making one's investments (borrowing too much on margin). From the 2000 market crash one of the lessons was to avoid bubble stocks as in that particular cash tech stocks. From the 2007 crash one of the lessons was to not trust the banks nor the government. Each crash actually teaches us different lessons. My favorite lesson though all of the crashes has been to make sure you always have a nice fat cash reserve to buy with when everyone else is selling and to build that cash reserve when everyone else is buying.
Asked in US Presidents, Economics, Herbert Hoover
What event helped prepare Herbert Hoover to become the president of the US?
Herbert Hoover won the 1928 US presidential elections in November. The years preceding his election were good times economically for the US. He was prepared for a continuing period of prosperity. He was sworn in in March of 1929, about six months before the stock market crash of October 1929. The major event of his presidency he was not prepared for. He had no crystal ball that may have warned him that bad times were on the way. Based on the crash, nothing helped him prepare for it. This statement is sound when the economy was growing and no one was really predicting the size and steepness of the crash.
Asked in Movies
What are the release dates for Pirates of the Pines - 1928?
Pirates of the Pines - 1928 was released on: USA: 1 September 1928 USA: 8 September 1928 (Episode 2) USA: 15 September 1928 (Episode 3) USA: 22 September 1928 (Episode 4) USA: 29 September 1928 (Episode 5) USA: 6 October 1928 (Episode 6) USA: 13 October 1928 (Episode 7) USA: 20 October 1928 (Episode 8) USA: 27 October 1928 (Episode 9) USA: 3 November 1928 (Episode 10)
Asked in Movies
What are the release dates for The Chinatown Mystery - 1928?
The Chinatown Mystery - 1928 was released on: USA: 1 September 1928 USA: 8 September 1928 (Episode 2) USA: 15 September 1928 (Episode 3) USA: 22 September 1928 (episode 4) USA: 29 September 1928 (episode 5) USA: 6 October 1928 (episode 6) USA: 13 October 1928 (episode 7) USA: 20 October 1928 (episode 8) USA: 27 October 1928 (episode 9) USA: 3 November 1928 (episode 10)
Asked in Movies
What are the release dates for Do Your Duty - 1928?
Who were the president during the great depression in 1930?
Herbert Hoover was president from 1928 to 1932 and is generally blamed for the Depression, but the economic and social problems that led to the collapse of the stock market in October 1929 were fermenting during the presidencies of Harding and Coolidge. Generally speaking, Hoover was unfairly blamed for the depression.