The Collapse Of The Roaring Twenties Essay

The Collapse Of The Roaring Twenties Essay

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“It came with a speed and ferocity that left men dazed. The bottom simply fell out of the market..... The streets were crammed with a mixed crowd — agonized little speculators,... sold-out traders,... inquisitive individuals and tourists seeking ... a closer view of the national catastrophe..... Where was it going to end?” Account of the stock market crash in the New York Times. The decade known as the Roaring Twenties ceased as the fall of the Stock Market began in 1929. With the envision that the steady climb of the Stock Market would carry forward, the crash of the economy caught both the government and the American people by surprise. A “boom” was in full force both in the United States and in the world’s economy. The world along with Herbert Hoover did not realize there were any problems in the world, until October. The crash was caused by a weakened economy that was not stable enough to handle the high maintenance that was needed to hold the high stock prices which evidently destroyed their confidence. As well as the government’s incompetence, various economic imbalances and structural failings led to the Stock Market Crash of 1929. Consequently, America was led to an even greater fall due to their lack of stable leadership and supervision. Notwithstanding, Hoover, and the congress refused to take actions to help provide for Americans and their families. Although Herbert Hoover was not responsible for each being in the nation,he, however, was playing the role of a leader, and completely disregarded the right actions to take to get the nation back to its feet. Had the government realized the destruction of the economy earlier, the Stock Market Crash would have subsided.
The United States was formed from European citizens ...


... middle of paper ...


...none and lessens as time goes on. People today make wiser decisions and can act rationally instead of rushing to sell at the drop of a hat. The government also has a better understanding of Wall Street every year. People now understand how the market is controlled, so they can control it better by recognizing that something is wrong in advance. This is proven in that the country is wealthier now than ever and still is able to operate normally. People are less panicky when faced with a decrease in the stock market because they realize that it will not always rise, they just sit back and wait for their stock to climb back up. As long as it is practiced in moderation, it should never turn into a disaster like the Stock Market Crash of 1929. Which makes me say, had the government realized the destruction of the economy earlier, the Stock Market Crash would have subsided.

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