The Stock Market Crash Began the Great Depression

1194 Words3 Pages

Investing millions a year, stock investors never thought the system would fail, but one day, it all went away. The stock market crashed leaving millions without work. The Stock Market’s Crash began the Great Depression and America would reap havoc for many years.

The stock market is a great way to buy part of a company & gain or loose money depending on how the company is making money buy buying a share. “The stock market is owning a small piece of the company; the stock market is owning a piece of a business” (Christie 5). Therefore, investing in the stocks is a great idea when prices are high. Furthermore, it is a hard job to keep up with everything needed to know for the job. Investors and brokers are the one who do the buying and selling; “A broker is a person who buys or sells things on behalf of another, a broker who buys and sells shares is a STOCK BROKER.” (30). Working with a Stock Broker is a wise way to go when one is starting to buy and sell stocks. The brokers advise and help people find stocks worth investing in. In the stock market, people can rush to buys shares or hold back, in other words, “Fools get rich” (13) “people who knew least about the stock market have made the most money out of it in the last few months. Fools who rushed in where wise men feared to go ran up high gains.” (13). Sometimes it is smart to rush in, but the stock market isn’t like that. It isn’t a great idea to be a fool and rush in to stocks; the Roaring 20’s was an exception to this rule(most were well-to-do). The stocks help many Americans double the amount of money they have in an elaborate, fun way. The stock market helps keep many businesses around, and helps investors when they sell it.

The stock market was crumbling...

... middle of paper ...

...n of manufactured goods, resulting in businesses to shut down, so millions were out of work.

Works Cited

Callan, Jim. America in the 1930s. New York: Facts On File, 2005. Print.

Crewe, Sabrina, and Scott Ingram. The Stock Market Crash of 1929. Milwaukee, WI:

Gareth Stevens Pub., 2005. Print.

Klein, Maury. Rainbow's End: The Crash of 1929. Oxford: Oxford UP, 2001. Print.

Gjerstand, Steven. "Balance Sheet Crises: Causes, Consequences, and

Responses." Cato Journal (2013). Print.

McElhaney, Jacky. "Dallas 1933; Rock Bottom of the Great Depression." (2013). Print.

Mollins, Carl. "The Decades; Market Meltdown, Economic mayhem, Corporate

Scandels, and War." : 1-3. Print.

Pettinger, Tejavan. "What Caused the Wall Street Crash of 1929." (2012). Print.

Steindl, Frank G. "What Ended the Great Depression, It was not WWII." . Print.

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