stock marcket
The Stock Market
In this paper I am going to discuss the 1929 stock market crash. First I
will give a brief summary of the crash and then I will compare it to the
stock market today. I will also give examples of how people today are more
cautious with their money and what was learned from the Great Crash of 1929.
On October 24, 1929, Black Thursday, the stock market took a sickening
plunge and wiped out many …
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…influences: a larger, wealthier
middle class; a federal reserve that is more sophisticated in intervening to
prevent an economic disaster; and policy-makers who understand the dynamics
of international trade better.
There is no definite answer whether a future crash might result in another
depression as severe as the one in 1929. Government spokesmen and financial
analysts assure us that there are too many safeguards built into the system
to permit a repetition of the Great Depression.
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