The Stock Market Crash of still remains to be a big event in the history of stock trading even after 80 years of its occurrence. The great depression of rocked the life of investors all around the world. The day was September 4th when the stock market saw a massive high. This high encouraged banks into investing heavily into stocks. Even lots of individual investors got into investing with the hope of fully exploiting this high.
But the high was not there to stay. And on October 29th the stock market saw a huge drop in the Dow. That day the Dow had dropped notoriously by That would be a Now the stock market started uplifting very slow and steadily. But then again in July the market dropped to a point just like that of There were many causes that resulted in the great depression of The first and foremost reason is overvalued stocks.
Another reason that has been deduced is that of margin buying. The stock market could not stay stabilized when such a huge amount of money was borrowed from it. The federal policies are also to be blamed as said by the analysts.
The prevailing president of the Federal Reserve Board, Mr.
Adolph Miller introduced very strict monetary policies. The rates of interest on the broker loans were unnaturally increased making it all the more difficult for the investors. Bad banking structure can also be blamed for the great depression of There was huge number of new banks that were cropping up every single day.
Obviously most of these banks were insolvent and were closing at an equally faster rate as they were opening up. When the market crashed in , the situations became worse. Now after the crash certain reform acts had to be set up to again stabilize the market. One of the steps that was taken was the setting up of the Securities and Exchange Commission or the SEC.
The role of this institution was to lay down the market rules and punish in case of any violation of the laws.
An Act called the Glass-Stegall Act was passed. This act told that the commercial and the investment banks could no longer have any association between them. But as the time passed the federal rules and the Glass- Stegall rule have liberalized to a great extent. The other reform that was introduced was the establishment of the Federal deposit Insurance Corporation or the FDIC.
Stock Market Crash of Facts, Causes, Effects
After the crash of there was a gradual but slow improvement in the market as mentioned before. But that was just temporary.1929 The Great Depression Part 1
No one could guess that the year would bring such a huge crash again. The crash of was so huge that the crash of seemed really petty in front of it. The drop was so massive that it just dissolved every bit of profit that the stock market ever had. Analysts said that for the stock market to gain that peak which it had in September , it would take almost 30 years.
I read your post. Your thought process is wonderful. The way you tell about things is awesome. They are inspiring and helpful. Thanks for sharing your information and stories. Yeah, I just love having a third-generation communist at the helm of capitalism.
He was raised by communists, mentored by communists, and is surrounded by communists.
Obama is destroying our country and not doing a great job. Please reconsider your approach to realize that anyone who works hard and makes good money has to give over half of it away to others who sit around.. It is money well worth. We are becoming a communist economy..
My family has become much more wealthy since his election of office. If you have researched what he is trying to do to this country. You would change your mind about Obama. Yes Obama is smart but he is also has been trying to take gun right away from the american people, trying to get in between a war against Russia and Ukraine which could put us in a war ,he is also trying to become a dictator and declare martial law and he also has put us more in debt then america has ever been in and Obama care listen this a think about it, If someone gets obamacare did you know that they surgically implant a micro chip in their skin which biblically is the sign of the beast so if i was you i would change your mind about obama.
I think your response lowered my IQ just by reading it. Where are you getting your information? The problem with thinking those who will not work are owed a living is you have to take that money from those who do work.
Then you get two classes of people, liberals who want what you have and conservatives who want to keep what they work for. Wow that really cleared things up for me! He was born in Kenya not in Huawei is a sand nigger who needs to be impeached cause if not he is going to declare martial law and become a dictator And if u mother fuckers even knew that there is only one false flag left and if he is able to succeed we are are screwed so if i were yall i wou;d pray to god that he gets impeached.
Before you comment on these types of things, at least try and learn proper English and maybe do some research on the government. Thank you for your time, you insolent dickhead. Can not believe my eyes.
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