The Crash Of The Great Depression - 880 Words

The stock market is a big part of the world economy. It reflects the way businesses are doing and it affects almost every American household. When the market is up people are happy, when the market is down people are sad. In nineteen ninety-nine when the stock market crashed the great depression was set in motion. When something like that happens it causes people to wonder, what happened and how do we prevent it from happening again. In the year two thousand there was a book written about the crash by Kristen Brennan, she talks about how to prevent another crash and about what caused the first one to take place. The ironic thing is that this book was written eight years before the next big stock market crash. This makes people wonder, are the causes related, if they are how did we not see this coming, and what was the cause of the two thousand and eight crash. There are many similarities and differences between the crash of nineteen twenty -nine and the crash of two thousand and eigh t. In the crash of nineteen twenty-nine one of the major issues was the banks, people were putting purchases on credit and the bank did not get paid back what they were owed. Banks were down fifty percent (Brennan). The banks being down was one of the biggest causes of the stock market crash of nineteen twenty-nine. In nineteen twenty-nine the stock market caused unemployment to rise and for people. â€Å"In recent months, investors anxious to put their own fingers on the pulse of he seeminglyShow MoreRelatedThe Crash Of 1929 : The Great Depression969 Words   |  4 PagesThe Crash of 1929 The 1920’s in America were known as the â€Å"Roaring Twenties.† Americans could all live a life of luxury. Technological advances and new inventions were improving the quality of life in every home. 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