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How Did Black Thursday Affect The Economy

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On September 3, 1929, the day that was known as Black thursday, would forever change the United States economy and its very history. Supreme distress and turmoil would very accurately describe the stock exchange environment that day as some sixteen million shares were traded and investors were wiped out. The morning of the crash the market was doing considerably well rising people were buying, then the market started to decline and then a complete drop, which caused average Americans to lose lots of money. That day caused businesses to close banks to shut their doors and people were left to the streets for the next few years America would be in financial turmoil. Imagine you 're on a roller coaster you can hear the clacking of the roller
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October 29, 1929, also known as Black Tuesday, is the day that led up to the Great Depression and caused despair for many Americans. With real estate being connected to the economy, whenever prices on real estate went up, the prices on stocks increased as well. Unfortunately, brokers were lending out so much money that there was more debt than the amount of currency that was circulating in the United States. When the market reached its peak it quickly took a turn and began to drop tremendously. Lead bankers arranged a meeting to come up with strategies to avoid a catastrophic event in the economy.

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“The trading floor of the New York Stock Exchange just after the crash of 1929”. In a single day, sixteen million shares were traded--a record--and thirty billion dollars vanished into thin air. (Cary Nelson). This ultimately led to the

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It was one of the most economic crisis that ever happen in the history of our nation. The 1929 Stock Market crash was a result of various economic disparity and structural failings. It all started, when

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It caused job loss and racial tension .Many newspapers headlined “Billions Lost in New Stock Crash” (The Milwaukee Leader, 1929) although generic this primary source shows how every newspaper was feeling during the time period. This all happened on two normal seeming days but they affected america’s history

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The stock exchange slammed, banks dispossessed, organizations bankrupted and cash devalued. This affected the people of America to a great extent. So these mistakes are to be acted upon soon before it causes much more trouble. By making this mistake, people learned the valuable experience of managing money wisely and buying stocks

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