Stock Market Crash
The 1920’s were a time of great prosperity and growth for Americans. This time period even got the nickname “The Roaring Twenties.” Americans were high in spirits, and times were changing. During this time, Americans were getting wealthy and having fun doing so. They started to invest their money in the stock market. Then on one day in 1929, the market crashed and set many people to the poor house. This day would become to be known as Black Tuesday, October 29,1929. In the early months of 1929, the market was reaching record highs. The economy was booming, and there seemed to be no worries for the country. In September of 1929, the Dow Jones Industrial Average reached its all time high. It rose to 381.17 points, the pre-depression high (U.S. News & World Report 32). Everything seemed to be going so well for our country. On Thursday, October 24, New York’s Stock Market crashed precipitously. On that day, 12,894,650 shares of stock changed hands, according to the official figures (Faber 150). Although this is not known in history as the day the market crashed, it starts to tell the story of how the economy
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Approximate Word count = 1427
Approximate Pages = 6 (250 words per page double spaced)
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