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 private investors.The following Monday, the
market fell again and many businesses were bankrupted.People felt things
couldn’t get worse, but they did.The next day, October 29, black Tuesday,
the market went into a terrifying free fall as stocks could find no buyers at
any price.The economy was devastated and would not recover for a full
decade.
This was the time of the great crash, when securities on the nation’s
stock exchanges lost more then a third of their value that haunted the
memories of an entire generation.The dreams of hundreds of thousands
American investors vanished in the smashup along with their hard-earned
savings, when the country was battered by the severe psychological trauma
whose effects were still plainly visible more than a decade later.In 1934
Roosevelt established a new federal agency the Securities and Exchange
Commission, to oversee the stock market, which we still use today.Roosevelt
also established the New Deal whose goal was to attack the great depression
through recovery for the economy, relief for the needy, and reforms to ward
off future depressions.Through it never brought full recovery, the New Deal
did improve economic conditions, provided relief to thousands of Americans
and resulted in lasting changes.
Once again today’s stock market is in turmoil.Friday, the NASDAQ
composite index fell to its lowest level since November 1998, capping a
seven-week losing streak. The Dow Jones industrial average had its worst
weekly poi…

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