American history :: essays research papers

The United States Stock MarketIn the world today, mess defile and sell to make a living. The American stock market is a great example of what it is like to buy and sell. The saying of the stock market is buy low, sell high. That nub you buy a stock at a low set and sell it when it gets to a high price. There are two main stock exchanges. The American Stock Exchange and Nasdaq. They are what some citizenry basically trade on. Basically the first major incident in the stock market was the Great Depression. The year of 1929 began a time plosive of horror in America. It was the beginning of the great depression. A time in which many lost their jobs became homeless, and went hungry. some people had to live off the keep of weeds or some worked fifty - five hours and only get seventy - five cents. The cause of the depression was the stock market sever of 1929 known to investors as Black Tuesday. Black Tuesday is said to be the most shocking financial event in the history of the United States. non only did the stock market prices drop drastically but the crease world was brought down with it. Inflation also rose because of the butt in. The crash that occurred on October of 1929 caused Americans to lose Thirty billion dollars and the American dollar value was 90% less than it was prior to October of 1929. Wholesale and retail food prices dropped 40% and lift prices dropped over 60%. About four million families were left pink-slipped and on relief support only receiving fifteen dollars a month. Because of the crash the government was required to set new regulations regarding stock market trade. The yard for this was to attempt to prevent another stock market crash from hap in the future. The depression brought about many problems not only did people have to worry about unemployment they also had to worry about crime. Many Americans tried to get easy money by taking activate in robberies kidnappings and murders. In 1935 criminals out numbered carpente rs four to one, grocers six to one, and doctors twenty to one. In the mid west, crooks with shotguns and Tommy Gun were a common thing. In large cities the criminals were devising money off of extortion, prostitution, and auto theft. GREAT DEPRESSION TIMELINE