chapter20karides

Chapter 20: The Stock Market Crash

It all had started in the beginning of September in 1929 when the stock prices had gone up, then down again. This started making investors sell their stocks and not wanting anything to do with it. On October 24, the worst was about to transpire and evidently the market was not in a good place at all. Vert few were prepared for this economic shock. Black Tuesday came around and 16 million shares were sold in a single day because there was no confidence left in the people at all. Also, many shares couldn't find buyers. The people who had bought stocks with credit were stuck with much debt as the prices went down and down when other just lost s bulk of their savings. The stock market crash was set up The Great Depression because people had absolutely nothing. People started selling things, they had nothing to eat, it was just like it sounds, depressing.

__Info__: Dealer, Michael. "Marking the 82nd Anniversary of the 1929 Stock Market Crash." Web. 19 Jan. 2016. - http://www.cleveland.com/pdq/index.ssf/2011/10/one_epic_fail_deserves_some_ot.html "Stock Market Crash of 1929." //History.com//. A&E Television Networks. Web. 19 Jan. 2016. - http://www.history.com/topics/1929-stock-market-crash Danzer, Gerald A. The Americans. Evanston, IL: McDougal Littell/Houghton Mifflin, 1998. Print.

__Picture:__ Dealer, Michael. "Marking the 82nd Anniversary of the 1929 Stock Market Crash." Web. 19 Jan. 2016. -http://www.cleveland.com/pdq/index.ssf/2011/10/one_epic_fail_deserves_some_ot.html