stock marcket
In this paper I am going to discuss the 1929 stock market crash. First I will give a brief summary of the crash and then I will compare it to the stock market today. I will also give examples of how people today are more cautious with their money and what was learned from the Great Crash of 1929. On October 24, 1929, Black Thursday, the stock market took a sickening plunge and wiped out many private investors. The following Monday, the market fell again and many businesses were bankrupted. People felt things couldn't get worse, but they did. The next day, October 29, black Tuesday, the market went into a terrifying free fall as stocks could find no buyers at any price. The economy was devastated and would not recover for a full This was the time of the great crash, when securities
Smart investments have no or little risk such as 401ks or CDs. In 1934 Roosevelt established a new federal agency the Securities and Exchange Commission, to oversee the stock market, which we still use today. Some people might compare today's economic slowdown with the 1929 crash, its not even close. Economists also point to other stabilizing influences: a larger, wealthier middle class; a federal reserve that is more sophisticated in intervening to prevent an economic disaster; and policy-makers who understand the dynamics of international trade better. Once again today's stock market is in turmoil. The Dow Jones industrial average had its worst weekly point loss ever. Many people having savings accounts, while others invest in other things. The dreams of hundreds of thousands American investors vanished in the smashup along with their hard-earned savings, when the country was battered by the severe psychological trauma whose effects were still plainly visible more than a decade later. Roosevelt also established the New Deal whose goal was to attack the great depression through recovery for the economy, relief for the needy, and reforms to ward off future depressions. Friday, the NASDAQ composite index fell to its lowest level since November 1998, capping a seven-week losing streak. They are currently talking about lowering short-term interest rates, which they hope would inject some life into the current dour market. There is no definite answer whether a future crash might result in another depression as severe as the one in 1929. While this is scary for many investors, there is a slim to none chance of the stock market causing such disaster as 1929. The federal government is already taking steps to prevent further stock market crisis.
Common topics in this essay:
Stock Market,
Exchange Commission,
CDs Economists,
President Bush,
Dow Jones,
stock market,
roosevelt established,
|
Acceptance Essays
