Question

1. Write a one page summary about the Stock Market Crash of 1929​

Answer 1

The Stock Market Crash of 1929 was a catastrophic event in October 1929, marking the beginning of the Great Depression. It was caused by excessive speculation, a fragile banking system, and mass panic. Leading bankers' attempts to stabilize the stock market failed, resulting in a loss of over 80% in stock values by 1933 and leading to widespread economic hardship.

Step-by-step explanation:

The Stock Market Crash of 1929 marks one of the most devastating periods in US history, initiating the onset of the Great Depression. It began in late October 1929, with a precipitous fall in stock prices on the New York Stock Exchange. This period was marked by Black Thursday (October 24), where the market lost 11% of its value, and Black Tuesday (October 29), when the market plunged further. Leading bankers attempted to stabilize the market by buying up great blocks of stock, but to no avail. The crash was fueled by excessive speculation, where investors had bought stocks with borrowed money, turning paper wealth into massive debts overnight.

The economy that followed tipped swiftly into depression as consumer confidence vanished and banks began to fail. By 1933, stock values had plummeted over 80% from their pre-crash highs. Not only investors but also banks and firms were decimated, as 90% of banks had invested in the stock market. This resulted in a widespread banking crisis, with many banks failing due to insufficient cash reserves. The crash did not just impact those directly involved in the stock market—its effects sent ripples throughout the entire economy, affecting virtually every American and many aspects of life for years to come.

Many factors contributed to the crash, including over-speculation, unequal wealth distribution, and a fragile banking system. These issues, combined with a contagion of panic and a lack of proper regulatory mechanisms, accelerated America's plunge from roaring prosperity to economic despair. The crash serves as a grim reminder of the need for fiscal prudence and the potential consequences of unbridled speculation.

Answer 2

OH i know! Black friday!!!

JK- here.. i can answer that

stock market crash of 1929, also called the Great Crash, a sharp decline in U.S. stock market values in 1929 that contributed to the Great Depression of the 1930s. The Great Depression lasted approximately 10 years and affected both industrialized and nonindustrialized countries in many parts of the world.

During the mid- to late 1920s, the stock market in the United States underwent rapid expansion. It continued for the first six months following President Herbert Hoover’s inauguration in January 1929. The prices of stocks soared to fantastic heights in the great “Hoover bull market,” and the public, from banking and industrial magnates to chauffeurs and cooks, rushed to brokers to invest their liquid assets or their savings in securities, which they could sell at a profit. Billions of dollars were drawn from the banks into Wall Street for brokers’ loans to carry margin accounts. The spectacles of the South Sea Bubble and the Mississippi Bubble had returned. People sold their Liberty Bonds and mortgaged their homes to pour their cash into the stock market. In the midsummer of 1929 some 300 million shares of stock were being carried on margin, pushing the Dow Jones Industrial Average to a peak of 381 points in September. Any warnings of the precarious foundations of this financial house of cards went unheeded.