Stock Market Crash of 1929
The day the stock market crashed, October 29th, 1929, is now known in infamy as Black Tuesday. "The Reasons Stocks Crashed in 1929" by Harold Bierman Jr. says that there were many events that led up to the Stock Market Crash. On October 24th, 1929, the stock market fell 9% during the day, which was a huge deal back in that time when a lot of people had money invested in the Stock Market. After this decline there was a selling alarm, as everyone wanted to get his or her money out of the stock market. Bierman concludes that the stock prices were too high in October of '29 and that a crash in the market was bound to happen. "The Reasons Stocks Crashed in 1929" by Harold Bierman Jr. reviews a small set of possible causes for the crash and reaches specific conclusions about the events that led to the biggest stock market crash in history.
The 29th of October will always be known as Black Tuesday but it was not the only day the stock market......
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Approximate Pages: 2 (260 words per double-spaced page) |