The stock market is flowing its worst second quarters since the great depression U.S. stocks are on track. To have their worst April state since 1929, according to data compiled by Bloomberg share in the online. Retile tumbled encouraging a sell of in consumer discretionary and technology stocks.
During the 1920s the U.S stack market underwent rapid expansion taken on by the United States to finally bring the country out of the depression after a decade of suffering. The wall stet crash of 1929, on October 29,1929 .Black Tuesday hit wall street as investors traded some 16 million shares on The New York stroke exchanging in a single day. Billions of dollars were lost wiping out thousands of investors. In the after math of Black Tuesday, American and the rest of the industrialized world spiraled down ward into the great depression (1929-39) the deepest and largest lasting economic downturn in the history of the western
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It lost 30 billion in market value. That’s the equivalent of 369 billion dollars today. It was more than the total cost of world war 1 it destroyed confidence in wall street markets and led great depression. Black Tuesday was the fourth and last day of the stock market crash of 1929.Part of the panic that caused Black Tuesday resulted from how investors played the stock market in the 1920s. They didn’t have instant access to information like they do today. Rather than the information like they do today .Stock prices were shown via a ticker tape machine, which printed the prices on a strip of paper. The other reason of the panic was the new method of buying stocks called buying on margin. Investors could place huge stock orders with only a 10 percent or 20 percent down. When stock prices fell the brokers called in loans and many people found paying off the loans wiped out there entire life savings. That created a vicious downward economic spiral that became known as the Great