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New York Stock Exchange: Key Events Leading To The Great Depression

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The New York Stock Exchange first goes back hundreds of years ago to the early born America in 1792. It all started with the signing of the Buttonwood Agreement that was signed by 24 New York City stock brokers on May 17th. But the Stock exchange did not officially open until March 8th 1817. The New York stock exchange has seen numerous key events strike, but some of the most memorable and key events are the following. On September 16th of 1920, a bomb went off killing a sum of 33 people and injured more than 400. The perpetrator was never found. Maybe one of the most important and historical events in the stock markets history was the Crash on 1929. Most people think this was what caused the great depression, but really this just pushed the U.S deeper in the hole. Another major scary moment for americans happened in 1987, when the stock market saw the second most biggest drop in a single day. This is what was called a mini crash and the market dropped 22%. I chose Apple for my company because as you already know it is one of the biggest most expensive companies out there. But as I have noticed about …show more content…

I think this will be great for the economy and already has done some pretty good things for the american taxpayer. I think investing in almost any company is almost certain to earn you money at this rate. If I had a do over in a company to pick or invest in I would chose something that is new and growing instead of a company that has been around for many years. As I have been watching more recently those are the type of companies that almost never go down, like Chick Fil A for example. I think the sudden rise in the stock has some to do with the business cycle plain and simple, but also some to do with Donald Trump. I think this is a direct result of having a business man running the country and I am excited to see what else is to come from him and the

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The immense stock crash in October 1929 was one of the many causes of the Great Depression. Banks were putting an abundant amount of money into the stock market, and could not keep up with the fast demand. The value of our currency dropped, thus leading to us losing more money, and many Americans were unemployed, plus low wages. As a way for America to make a profit, they put taxes on other country's products to protect American industries. American citizens were furious at the banks for losing their money not being able to pay them back.

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The economy of the United States expanded greatly through the 1920 's reaching its climax in August 1929. By this point, production had already declined and unemployment was at an all-time high, leaving stocks to imitate their real value. During the stock market crash of 1929, better known as Black Tuesday, investors traded vast numbers of shares in a single day, causing billions of dollars to be lost and millions of investors to be eliminated. This "crash" signaled the beginning of a decade long Great Depression that would affect all Western industrialized nations; a crash that would later become known as one of the darkest, longest lasting, economic downturns in American history. People all around the world suffered greatly as personal income,

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699 Words | 3 Pages

The stock market began to crash on October 24, 1929, also known as “Black Thursday.” Stock exchanges were created to address the capital issue. A stock market was where the owner of a business would sell his ownership in shares. Shareholders would put money into a business and when the business received a profit shareholders would get paid.

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On October 29, 1929, the stock market crashed, which led to a large economic depression and dramatically dropped in stock prices. This depression caused people to get scared and not buy any

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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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A record 12.9 million shares were traded that day, known as “Black Thursday.” Five days later, on October 29 or “Black Tuesday,” some 16 million shares were traded after another wave of panic swept Wall Street. Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely. As consumer confidence vanished in the wake of the stock market crash, the downturn in spending and investment led factories and other businesses to slow down production and begin firing their workers.

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and why did it happen? One of the biggest causes was the market crash in 1929. This was believed to begin the great depression that lasted over a decade. The market crash had caused over nine thousand banks to shut down. Millions of people were left unemployed because of banks shutting down.

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Before the Stock Market crash of 1929, America went through a decade of prosperity and social change known as the Roaring Twenties. New fads and numerous inventions emerged throughout our country. Many people bought on credit and as a result, our economy flourished. However, many Americans failed to realize this would be one of the underlying causes leading to the Great Depression. For instance, “Most people bought, but many couldn’t afford to pay the full price all at once.

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The United States economy plummeted into a depression just six months after their newly elected president, Herbert Hoover, had taken office. The stock market crashed on October 24, 1929. As panic was starting to strike ten billion dollars was taken out within a short five hours. Soon enough, the United States, found itself within perhaps the worst modern disaster. It put millions of men on the street.

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1277 Words | 6 Pages

Everything was normal, people were happy with jobs and being able to provide a home and food for their families. Until things weren’t normal. The stock markets crashed on October 29, 1929. This was the beginning an economic downfall throughout the nation and most of the world. Many people had lost their jobs and were homeless.

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It is needed when an economy is prospering. Overall, I believe the county is doing well as CNN and the head of the Federal Reserve have stated. However, the goal of 4% growth in an already prospering economy does not seem

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Start Here On October 29th, 1929, the hugest stock market crash befell in American history which is as known as Black Tuesday. It triggered the final consequence under the unstable society and lead to the Great Depression. The Great Depression was a period time from 1929 to 1939 when American was in its deepest economic downturn in history. Consumer spending and banks were two of the long-term causes of the Great Depression.

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1085 Words | 5 Pages

The roaring twenties were an exciting time full of colorful cars, rising prices and crazy spending. Many individuals opted to live the “American dream” lifestyle which consisted of making purchase after purchase while lacking the necessary funds to do so. They lived this way because at the time it was exciting and fun to buy whatever was desired and just pay using credit. This way of life increased society's well being and gave this period an identity. However, the expanses eventually became real to people.

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780 Words | 4 Pages

There began to be a gradual decline in prices and the stock market ruptured. On October 24, 1929, the infamous “Black Thursday” took place, where stock holders went on a panic selling spree. Things then went from bad to worse, stock prices went down 33 percent. People stopped purchasing goods and business investments decreased after the crash. In the fall of 1930, the first of four major waves

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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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