Today we are going over our assigned blogs. Presidential election of 1928. Hoover was republican and Smith was Democratic. Hoover won he said that we all would be prosperous and a little after he was elected the Great Depression started.
Stock Market in the 1920s. Stock market is where you buy and sell stock. The reason it kept going up was becuase people thought that the more money they put in the more it would go up and up. They were told that they were in a time of prosperity and the people kept putting money in becasue they thought the time would stay that way. Stock markets kept going up and it wasnt hard to pay your debt. No one is worrying about it the stocks going up but when they go down people worry because people need to pay others and when they go down they cant pay them and so they ask for loans and they cant pay the bank and so the banks close. One of the problems was the government stayed out of the stock market and so a lot of illegal things took place.
Story of the Stock Market Crash. The crash occured because the electric ticker was behind a couple hours. people were selling instead of buying. They ended up selling more than what they could.. the thursday before Black tuesday wealthy bankers and people bought a whole bunch of stocks and they got the stock market back up. the weekend hit and people decided to sell and the prices started to drop.
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