On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day and billions of dallors were lost which wiped out thousands of invester In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression which lasted from 1929-1939 ongest-lasting economic downturn in history before this in the 1920s the markets had rapid expansion and it hit a peack in August 1929
in 1932 stocks were worth only about 20 percent of their value in the summer of 1929. The stock market crash of 1929 was not the sole cause of the Great Depression in 1933 half the banks had failed and 15 million people or 30 percent of the workforce was unemployed.
https://www.history.com/topics/great-depression/1929-stock-market-crash
what do you think of the stock market crashing in 1929
Replies
Good topic choice and good job replying! I dio think your summary is quite brief overall.
I also think that it was a very tough time for everyone at that time I also think that it was a tough for the people that had money in stocks and then the depression hit and made it even worse and made a lot of people lose there job so I also think that it was a very bad time
I think the stock market crash must of been a very tough time and hard in everyone living during that time period. It was a rough time for the United States. So many people lost money, including banks. I can only imagine how much companies and businesses suffered.
I also think that the stock market was a terrible and lots of people lost a lot of money and banks lost lots of money and a lot of people lost there job and it was very bad for the U.S and all people it was a bad time and I think that a lot of people lost hope
I feel like it would have been very tough to survive through this time in our history. We went from living the best life and making a lot of money to a full downhill scale of our economy. Life was rough and was hard to make any money. It's also sort of a good thing also because we now know what will occur if it were to happen again as bad as this one.
I also think that the stock market was a terrible and lots of people lost a lot of money and banks lost lots of money and a lot of people lost there job and it was very bad for the U.S and all people it was a bad time and I think that a lot of people lost hope
I think that it must have been very tough on everyone that lived during that time period. It also probably made people a lot more careful about where they put their money. People also probably didn't trust banks for a very long time after this happened.
I also think that the stock market was a terrible and lots of people lost a lot of money and banks lost lots of money and a lot of people lost there job and it was very bad for the U.S and all people it was a bad time and I think that a lot of people lost hope
I think it had to have been a very tough time for everyone of the age that new what was going on. Like familys that had money in stocks and when the depression hit those parents also lost there jobs. And they lost there money in the banks too.
I also think that it was a very tough time for everyone at that time I also think that it was a tough for the people that had money in stocks and then the depression hit and made it even worse and made a lot of people lose there job so I also think that it was a very bad time
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