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Word Count: 465
The Stock Market Crashes of 1929 and 1987 The stock market crash of 1929 occurred over a period of time that was the beginning of what is called the Great Depression Everyone wanted to invest their money in the stock market People thought that the stock market was the perfect place to make money The Stock Market Crash began on Oct 241929 as stock prices were already dropping On this day approximately 15 billion dollars was lost and many lost their life savings Companies stocks prices dropped and banks also lost all their money because it was loaned to buy stocks and the people were unable to repay the banks The Stock Market Crash was a disaster The stock market was not always this unstable as it was in 1929 In 1928 the prices of the stock market rose 40 This was the raise in stocks that got the attention of millions of people across the nation Everybody started investing in the stock market through banks companies or directly It was not just that people invested too much money the stock market was manipulated The prices were sometimes set according to the wanting of bigger investor which would hurt the smaller investors a lot Borrowing money became very popular during this time People needed money to invest in the stock market Many borrowed money either from banks in order to buy stocks The investor lost all their money and could not repay the banks The lender could never be repaid because the investor lost all their money because there was no place where they could get it back In 1929 the stock prices kept going up and up and were so high that people started to sell all their stocks and the prices dropped sharply on October 21 People were losing money rapidly There were a few people who did not lose their money because they were smart and sold all their stocks
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