scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,121
The Stock Market Crash of 1929By the end of World War I a new era was approaching throughout the United States With new inventions coming to the surface such as the radio and the television so did the American economic optimism People were putting everything they had into investing in the new age mostly the stock market Although The Great Wall Street Crash of 1929 was the most devastating events to United States history it was also the most remembered eraInvesting in the stock market seemed like the most popular trend in the United States in the 1920s The American population had reached its peak of enthusiasm and optimism As the interest in investing in stocks increased more people ended up investing and the higher the prices of stock soared Prices had reached an all time high by 1927 By this point the stock market was known as a bull market where share prices are rising so buying was encouraged Again people felt the need to invest even more than they already had However only by 1929 did the stock market truly begin to boom The stock market was no longer looked at as a long-term commitment but a place where average people felt like they could get rich quickly There were rumors and stories of low-class people making millions off the stock market Such stories only raised the demand for stocks even more increasing the value of the stock marketAlthough the demand for stocks were high some of the American population didnt have the money to invest in stocks the way they wanted toWhile most of the American population was paying full price for their stock investments a portion of the population was buying their stocks on margin On margin means that ten to twenty percent of the buyers money was put down on their stock purchase and the rest eighty to ninety percent was borrowed from a bank broker This allowed the entire
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA