Stock Market :: essays research papers

m unitarytary fund securities industry forwardnesstle of 1929The day the downslope foodstuff crashed, October 29th, 1929, is now know in opprobrium as Black Tuesday. The Reasons Stocks Crashed in 1929 by Harold Bierman Jr. says that there were umteen events that led up to the Stock Market Crash. On October 24th, 1929, the stock grocery store fell 9% during the day, which was a huge deal back in that time when a lot of people had money invested in the Stock Market. After this decline there was a selling alarm, as everyone wanted to get his or her money out of the stock commercialize. Bierman concludes that the stock prices were overly high in October of 29 and that a crash in the market place was bound to happen. The Reasons Stocks Crashed in 1929 by Harold Bierman Jr. reviews a small set of possible causes for the crash and reaches specific conclusions about the events that led to the biggest stock market crash in history. The 29th of October will always be known as Bla ck Tuesday but it was not the only day the stock market struggled. The New York Times of October 4th headed a page one article Years Worst Break Hits Stock Market, but almost all reported business news was until now very optimistic. On October 23rd the market declined by four cardinal dollars and if the events of the 29th did not happen then the 23rd would have asleep(p) done in history as the major stock market event. The events of the 23rd were dwarfed by the proceedings of the morning of the 29th when it was said that at bottom a few hours of the stock market being open that day, the prices had move so low that they wiped out all of the gains that have been made in the entire previous year. Since the stock market was viewed as an indicator of the American economy, the publics confidence in the economy was shattered.