Stock+Market+Crash

One of the main contirbutors to the Great Depresseion is the **Stock Market Crash**.



On October 24th, 1929, known today as "Black Thursday", the stocks dropped around 9% in just one day. By the next Tuesday, the stock had fallen a combined amount of 34%.

With the profits seeming so assured from the stock markets, everyone had began to place money into stocks. Causing more problems was the bank putting their customers' money into stocks without them even knowing. When the crash hit in October, all the people who had stocks were taken by complete surprise.

Throughout the next two years the stocks would continue to drop. The low point of 41.22 occurred on July 8, 1932.

The reason for the Stock Market Crash of 1929 is still being studied today by economists and historians. They comtemplate between regulations on covering buying stocks on margin and the roles of the banks.

The Stock Market Crash was the start of the Great Depression, however not necessarily the primary reason for the depression. A lot of people lost their entire savings along with many companies being completely ruined and the loss of faith in banks. Video on the **Stock Market Crash**: http://www.youtube.com/watch?v=bgY48AHdVJ0

Websites used: - http://www.stock-market-crash.net/1929.htm - http://history1900s.about.com/od/1920s/a/stockcrash1929.htm -http://images.google.com/imgres?imgurl=http://blacktuesday.info/images/Black%2520Tuesday/Black_Tuesday_2.jpg&imgrefurl=http://blacktuesday.info/&usg=