The Stock Market Crash
In 1987, the DOW lost 500 points. This was a major occurrence and many countries worldwide were suffering the same thing. Even at that time there was a lot of concern when the DOW goes down that much, because the usual reaction is a depression. This however was not even close to the disastrous events that were eminent after the depression of 1929. As a matter of fact there are measures to make sure this sort of thing never happens again. Federal Deposit Insurance Corporation was created after the depression to ensure this would not happen again.
The crash had happened with many people who had seen it coming. But the business were making money at the time so they had much less concern. The stock market is a very interesting tool for business’s. Most capital in the United States was represented in stocks at the time. Capital is the tools needed to make things of value from basic raw material, such as a building or a machine. Owners of the......
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