The factors causing "Stock Market Crash" in Oct 29th, 1929 & the follow of Great Depression.
The 1920’s were a time of peace and great prosperity. After World War I, the “Roaring Twenties” was fueled by increased industrialization and new technologies, such as the radio and the automobile. Air flight was also becoming widespread, as well. The economy benefited greatly from the new life changing technologies.
~"The stock market crash of 1929 launched the Great Depression"~
The Depression was the time from October 1929 to the mid 1930’s. Mass poverty occurred then, as many workers lost their jobs and were forced to live in shanty towns. Former millionaire businessmen were reduced to selling apples and pencils on street corners. One third of Americans were below the poverty line in the Great Depression. The Dow Jones finally surpassed its 1929 high, a full 26 years later in 1955.
The stock market crash of 1929 was identical to any other financial bubble. The classic pattern of extreme irrational expectations will always lead to devastating financial crashes. Learning how to identify these timeless patterns will allow you to profit whether the market is rising or falling.
Attitude...!
The Depression was the time from October 1929 to the mid 1930’s. Mass poverty occurred then, as many workers lost their jobs and were forced to live in shanty towns. Former millionaire businessmen were reduced to selling apples and pencils on street corners. One third of Americans were below the poverty line in the Great Depression. The Dow Jones finally surpassed its 1929 high, a full 26 years later in 1955.
The stock market crash of 1929 was identical to any other financial bubble. The classic pattern of extreme irrational expectations will always lead to devastating financial crashes. Learning how to identify these timeless patterns will allow you to profit whether the market is rising or falling.
Attitude...!
I think as I always said all things after being erased, the new things are set. This time is another time that came to the collapsing point. But not for long, new generation generated! After the World War I, the time of development. All technologies and stuffs being highly developed at that time. Due to the giant growth of the technology, Economic crisis happened and followed the Great Depression. I think, it's only a period during this crisis time. Not for long, everything seemed to be so ok and getting better and better.
"After everystorm, If you look hard enogh, A rainbow appears!"
Said Mariah Carey
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