Instant Access To 100,000+ Essays!

Stock Market Crash of 1929 Seven decades later, the crash of 1929 is still remembered. A market event that need not have led to economic collapse. This was the year of the great depression and the market crash was the reason. It began on Thursday, October 24, 1929. 12,894,650 shares changed on the New York Stock Exchange-A record. To think about how this is, go back to March 12, 1928 when there was at that time a record set for trading activity. On that day, a total of 3,875,910 shares were traded. As you can see, Wall Street was a very, very busy place. A big problem not mentioned so far in all this was communication. There have been many suggested explanations for the crash. but no one can fully account for it. Here are just some: Stocks were overpriced- Many believed that from the overpriced stocks, the crash brought the chare prices back to normal level. Except, studies show using measures of stock value that prices were not too high. Massive fraud and Illegal activity- Many believed but evidence revealed that there was pro