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The Stock Market In this paper I am going to discuss the 1929 stock market crash First I will give a brief summary of the crash and then I will compare it to the stock market today I will also give examples of how people today are more cautious with their money and what was learned from the Great Crash of 1929 On October 24 1929 Black Thursday the stock market took a sickening plunge and wiped out many private investors The following Monday the market fell again and many businesses were bankrupted People felt things couldnt get worse but they did The next day October 29 black Tuesday the market went into a terrifying free fall as stocks could find no buyers at any price The economy was devastated and would not recover for a full decade This was the time of the great crash when securities on the nations stock exchanges lost more then a third of their value that haunted the memories of an entire generation The dreams of hundreds of thousands American investors vanished in the smashup along with their hard-earned savings when the country was battered by the severe psychological trauma whose effects were still plainly visible more than a decade later In 1934 Roosevelt established a new federal agency the Securities and Exchange Commission to oversee the stock market which we still use today Roosevelt also established the New Deal whose goal was to attack the great depression through recovery for the economy relief for the needy and reforms to ward off future depressions Through it never brought full recovery the New Deal did improve economic conditions provided relief to thousands of Americans and resulted in lasting changes Once again todays stock market is in turmoil Friday the NASDAQ composite index fell to
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