Today we are going to talk about the Stock Market Crash.We are also doing our blog discussion.We viewed different graphs about how the stock market crashed. We also saw how stock dropped over the time period from the early 1920's and later. In the 1920's, the Dow Jones Industrial Average was the only way that people were able tell how economy was doing. By 1933, the unemployment rate rose to 25 percent.We discussed the cycle consumption. If nobody wants to buy anything, then the companies won't make as many things. With production down, the company doesn't need all their workers, so some would get laid off. If you don't have a job, then you obviously won't have any income. That leads to the person without a job to stop buying as many things.
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